Philion SE strengthens after-sales service: Subsidiary Fexcom takes over System Repaircenter GmbH completely

Philion SE strengthens after-sales service: Subsidiary Fexcom takes over System Repaircenter GmbH completely

Berlin, December 18, 2018: Fexcom GmbH, the largest independent telecommunications chain in Germany and a 100% subsidiary of Philion SE, has acquired System Repaircenter GmbH (SRC). Until now, Fexcom held one third of the shares in SRC. The reason for the acquisition was to strengthen the after-sales business and to establish SRC's services in the entire group.

Founded in 2004, SRC specializes in the repair of smartphones from almost all manufacturers and selected tablets. Fexcom and SRC have been cooperating since 2004. For example, customers can return their defective devices for repair in the 167 mobile phone shops operated by Fexcom throughout Germany. SRC has been growing profitably for years and generated sales of around one million euros in 2017.

"The acquisition strengthens our 360-degree strategy. In addition to Omni-Channel sales, this includes supporting customers in their digital lives with numerous additional services after concluding a mobile phone contract," says René Schuster, Chairman of the Board of Philion SE.

Since the beginning of 2018, Philion has been pursuing a clear goal: to take advantage of the changes in the German telecommunications market and establish one of the three leading network-independent mobile service providers. Following the takeover of Fexcom, the cooperation with the mobilezone Group, a leading independent telecommunications specialist in the field of mobile and fixed-line telephony in Switzerland, followed in November. This includes the participation in the leading German online shop for mobile telephony DEINHANDY. This opens up further growth opportunities for SRC within the Philion Group.

Contact:
Philion SE // www.philion.de // M: info@philion.de

Investor Relations & Press
Fabian Lorenz // T: +49 221 29 83 15 88 // M: ir@philion.de

About Philion SE
Led by Board Chairman René Schuster (former CEO of Telefonica Germany), the management team of Philion SE looks back on decades of experience in the international telecommunications market and has set itself a clear objective, i.e. to build up a leading network-independent service provider for all digital telecommunications products with the help of an effective buy-and-build strategy. In this context, Philion acts as a listed holding company and pursues an omni-channel strategy for its subsidiaries to combine the advantages of online commerce with the benefits of personal in-store service. The first step within this strategy was the takeover of Fexcom GmbH at the turn of 2017/18. This first operating subsidiary was established in 1993, today employs 450 employees in 167 mobile phone stores across Germany and generated revenues of approx. EUR 52 million in 2017.

Disclaimer
This announcement does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities. There will be no public offering of securities of Philion SE. This announcement does not constitute a securities prospectus. This announcement and the information contained therein are not intended for direct or indirect distribution in or within the United States of America, Canada, Australia or Japan.