Wednesday, 12. June 2019
ALSO has received approval to take over the largest Eastern European IT distributor
ALSO Holding AG and MCI Euroventures, majority shareholder of ABC Data S.A., have received the unconditional consent of the European Commission for the acquisition of the Eastern European distributor by ALSO Holding AG. The Warsaw-based company is active in six Eastern European countries and generated sales of PLN 4,468 million (EUR 1,048 million) in 2018. ALSO is thus pushing ahead with its Eastern European expansion strategy.
This approval creates the essential conditions for ALSO's complete takeover of ABC Data S.A.'s business operations. ALSO will thus become the market leader in Eastern Europe with an addressable market volume of around EUR 30 billion per year. The ALSO Group is thus strengthening its existing business in Lithuania and will now be present in the Czech Republic, Slovakia, Romania and Hungary. With the activities to be acquired, ALSO Holding AG aims to expand its high-margin solutions business. With the ABC Data platform, the company will then also be in a position to offer its customers consumption-dependent IT-as-a-service services via the ALSO Cloud Marketplace (ACMP).
Direct link to media release: https://www2.also.com/press/20190612en.pdf
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