Hoist Group divest US entity
Following the recent acquisition of Swisscom Hospitality Services (SHS), Hoist Group has decided to divest the US-side of the business to put its full focus on the EMEA region.
The buyer, Single Digits, is a leading global provider of High Speed Internet Access (HSIA) focused on the hospitality sector. Their business fundamentals have led to exceptional growth, profitability and recognition by Inc. Magazine as one of the 500 fastest growing companies in the United States for multiple years.
“Our US business has been very successful but the opportunity of the US market is such that a combination makes the most sense. A consolidation via Single Digits is a step in the right direction to create a North American market leader” says Malcolm Lindblom, CEO of Hoist Group.
Single Digits offer a complete guest HSIA solution led by the pioneering Business Access Portal software and also includes components of IP network design, engineering, professional services, ongoing maintenance, networking monitoring, multi-lingual support, revenue reporting and authentication tracking.
“The closing of the deal with Single Digits is a perfect match for Hoist Group, allowing us to find a partner across the Atlantic so that we can jointly grow our business and best serve our global customers. This is the optimal solution for our US customers and staff”– says Alfonso Tasso, former CEO of SHS and deputy CEO Hoist Group
For more information, please contact:
Chief Marketing Officer at Hoist Group, Ann-Sophie Modigh
Phone: + 46 (0)8 555 685 00
About Hoist Group
Hoist Group is the complete hospitality partner for hotels, health care institutions and public operations. With more than 20 years of proven hospitality experience, Hoist Group is the market leader in innovative High Speed Internet Access, conference services, TV & content solutions, PMS and back-office software as well as other guest-facing amenities. Many hotel chains, flagship independent hotels and public hospitals have entrusted their IT to Hoist Group. Based in Sweden, the company has offices in a total of 18 countries in the EMEA region. Learn more about the company at www.hoistgroup.com.stage.triggerfish.se.