Brabbler AG, the developer and operator of the communications platform ginlo, has reached a binding agreement with Deutsche Post to acquire Deutsche Post's secure messenger service SIMSme. In return, Deutsche Post acquires a stake in Brabbler AG to participate in the future growth of SIMSme. Both parties have agreed not to disclose the purchasing price. The completion of the transaction is expected soon.
Marco Hauprich, Senior Vice President Digital Labs Deutsche Post AG and responsible for SIMSme, states about the transaction: “We are selling SIMSme at a time when demand is on the rise, especially among business customers, and development capacity needs to be expanded significantly. Brabbler AG – with its expertise in digital communications, experienced team of developers, and extensive experience in marketing digital services – is exactly the right partner to take our successful product to the next level.”
Mirko Heide, Executive Director of IEG - Investment Banking Group emphasizes: “We are proud and excited to support Deutsche Post in this transaction. The combination of SIMSme and Brabbler is an important milestone in creating a leading European secure communication platform.”
IEG - Investment Banking Group has acted as exclusive financial advisor to Deutsche Post AG during the sale process.