Wentronic Holding to acquire all shares in Cellnet Group

Brunswick, 15 May 2023

Wentronic Holding will acquire all shares in Cellnet that it does not currently own. According to the signed agreement, Cellnet will be fully integrated into the Wentronic Group as an inherent part. The decision was announced on the Australian Stock Exchange ASX this morning. After reviewing the independent expert report, Cellnet shareholders are expected to take a final vote on the decision at the end of August.

Wentronic CEO Michael Wendt is confident the outcome will be positive:

“The reactions of the Cellnet staff as well as the Wentronic colleagues in Asia and Germany have been overwhelmingly positive. The upcoming privatisation promises stability and calm in the business for Cellnet and its partners.”

Strategic decision on both sides

The acquisition of Cellnet is a logical step for Wentronic to further tap into the markets in Australia and New Zealand. The merger will exploit synergies that will put both companies ahead of the competition: Cellnet is already a strong distributor in the retail sector, while Wentronic has great know-how in the e-commerce and marketplace business.

“Being able to offer distribution reach to Australia, New Zealand and the entire European region is an Press contact: Wentronic GmbH Larissa Drechsler Pillmannstraße 12 D-38112 Braunschweig Phone 49 531 2 10 58 – 619 E-Mail presse@wentronic.com WTPM-230512EN PRESSEINFORMATION Seite 2 von 2 absolutely exceptional quality considering our sector and our size and offers extraordinary opportunities for our suppliers,” Wendt stresses.

Maintaining existing strengths, gaining new strengths

will continue to offer its customers its wellknown strengths. Retail and telecommunications partners have been receiving an extremely competitive portfolio and first-class service from the Cellnet team for years. Wentronic’s expertise in e-commerce will help Cellnet to reach a much broader range of buyers in Australia and New Zealand.