0
IT

Rheinmetall acquires 25% stake in Hungary's 4iG and creates IT joint venture

Thursday 25 November 2021 | 11:56 CET | News
Hungarian businessman Jaszai Gellert's investment firm KZF Vagyonkezelo has entered a tripartite preliminary agreement with 4iG and Germany's Rheinmetall. Jaszai owns a majority stake in 4iG. Under the agreement, Rheinmetall will acquire a 25.1 percent stake in 4iG though a share purchase and capital increase, making it 4iG's largest international strategic investor.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: IT
Companies: 4iG
Countries: Germany / Hungary
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

4iG sales up nearly 60% in first 9 months

Published 29 Nov 2021 09:54 CET | Hungary
Hungarian company 4iG saw its revenue exceed HUF 53 billion in the first nine months of 2021, an increase of 58 percent compared ...

4iG completes acquisition of Invitech ICT Services

Published 05 Oct 2021 16:48 CET | Hungary
Hungary's 4iG said it completed the acquisition of Invitech ICT Services after the approval of the Hungarian Competition ...

4iG to take majority stake in TeleGroup

Published 22 Sep 2021 10:15 CET | Bosnia and Herzegovina
Hungary's 4iG has entered into a preliminary, non-binding agreement to acquire 70 percent in TeleGroup, an IT systems integrator ...

Hungary's 4iG to acquire Invitech ICT Services

Published 14 Sep 2021 15:26 CET | Hungary
4iG will become the owner of Invitech ICT Services after the company concluded a sales contract with ICT Services' owner, ...

Antenna Hungaria, 4iG team up to create Hungarian infrastructure company

Published 26 Aug 2021 16:23 CET | Hungary
Antenna Hungaria and 4iG have entered into a cooperation agreement to combine public and private capital and create a strategic ...

4iG on course with acquisition of T-Systems Hungary

Published 21 Oct 2019 09:51 CET | Hungary
Hungarian IT firm 4iG completed the first phase of due diligence at T-Systems Hungary in a period of three months and is in the ...

IBM acquires Rheinmetall IT unit

Published 22 Nov 2002 00:00 CET | Germany
Rheinmetall will sell its IT division to the German unit of International Business Machines (IBM) for an undisclosed amount. The ...