Ascom aquires Healthcare Communication Company Miratel in Finland

Jul 1, 2011

Ascom Holding AG acquired the Finnish healthcare communication company Miratel Oy, headquartered in Turku (Finland), as of 1 July 2011. Miratel (www.miratel.fi) is market leader in Finland for nurse call systems in hospitals and care homes. This acquisition further strengthens the leading position of Ascom Wireless Solutions in the healthcare communication market.

Miratel is the clear market leader in nurse call solutions, communication and personal security systems for hospitals and care facilities in Finland. The company has over 40 years' experience in nurse call systems, their deployment and commissioning as well as their maintenance and service. Miratel has a proprietary product offering including a fully IP-based nurse call system.

Ascom acquired all shares of Miratel Oy as of 1 July 2011. The purchase price amounts to EUR 6.05 million.

Miratel achieved net revenues of EUR 7.3 million in 2010, and employs 35 people in the Finnish locations of Turku, Helsinki, Oulu and Kuopio. Miratel will become part of the Ascom Wireless Solutions Division and form the core of the Wireless Solutions business in Finland.

Fritz Mumenthaler, CEO of Ascom, says: "Ascom is very pleased to have acquired a business with such an excellent strategic fit. With this acquisition Ascom Wireless Solutions makes a further step to becoming the international market leader in Mission- Critical Communication in the healthcare market."

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This document does not constitute an offer or solicitation to subscribe for, purchase or sell any securities. This document is not being issued in the United States of America or the United Kingdom and should not be distributed in any jurisdiction in a manner where such distribution would not comply with regulatory requirements. In particular, this document may not be distributed into the United States, to United States persons or to publications with a general circulation in the United States. In addition, the securities of Ascom have not been and will not be registered in any jurisdiction outside Switzerland. The securities of Ascom may not be offered, sold or delivered and no solicitation to purchase such securities may be made within the United States or to U.S. persons absent an applicable exemption from the registration requirements of the United States securities laws or within any other jurisdiction and in a manner where such offer, sale, delivery or solicitation might not be in compliance with regulatory requirements (including the United Kingdom).