VTech Will Acquire 100% Share Capital of Snom

VTech and Snom announced today that the two companies will soon become one. VTech intends to buy 100% share capital of Snom, financing the transaction through internal resources. This move combines the telephony expertise of both companies, bolstering the VTech brand in the expanding Unified Communications (UC) market.

VTech already leads the industry in cordless phone manufacturing and electronic learning, with Snom offering professional and enterprise-grade VoIP telephones worldwide. The merging of talents will result in substantial hardware and software development advances for future products.

For further information about this agreement, visit the official release on PR Newswire.