• Palmarium Completes Acquisition of Lebara Group
Palmarium Completes Acquisition of Lebara Group

Palmarium, Through their subsidiary VIEO B.V. today introduces the purchase of Lebara Group B.V. and the Lebara Hallmark Companies.

Since its in 2001, Lebara is recognised as one of the fastest growing pan-European mobile firms. As the worth brand for the world's vacationers, students and migrant community, Lebara supplies comprehensive and obtainable services and products.

With its 275 thousand outlets, Lebara has a unique reach to its growing customer base of over 3.5 million.

Lebara's culture is driven by innovation and business successes and has a varied workforce and best-in- course customer service with countless industry awards. Palmarium provides Lebara solid backing and experience to grow and drive the digitalisation of business.

The creators of Lebara are leaving the company. The new management team is led by Graeme Oxby as CEO.

Graeme Oxby is a very skilled CEO for innovative telecommunications firms, including prominent brand names such Three and Virgin. At Virgin he transformed its business from pre-pay just to an agreement business. Most recently he was Managing Director of Freedom Global's European

Mobile Business, where he effectively released 5 new territories. " Lebara is a vibrant and exciting growth business with a great deal of potential. I'm thrilled to be at the helm, and think this procurement, incorporated with the stamina of the new leadership group and its strong financiers, will certainly take this business to the following level." Oxby said.

About Palmarium
Palmarium is a swiss private family office and investor with concentrate on alternate investments including private equity and real estate.

We utilize our networks to recognize chances and structuring proprietary transactions around them, with the unique capability to manage complicated services and scenarios. The unusual combination of our deep market knowledge and a single dedication to our principals and partners is shown in our efficiency and diverse portfolio of businesses.

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