All Closing Conditions Fulfilled for ALSO's Takeover of ABC Data
| 20 June, 2019
The Tender Offer, submitted by ALSO Holding AG and MCI Euroventures in December 2018, for shares of ABC Data S.A was successful. After approval of the European Commission from 12 June 2019 all conditions are completed for ALSO’s takeover of the ABC Data S.A business operation. The transfer of the business to ALSO is planned for 1st of July 2019.
With the takeover of ABC Data S.A, the IT- Distributor with the largest country coverage in Eastern Europe in six countries, ALSO can build the strongest Eastern European platform for resellers and vendors.
The ALSO subsidiaries in Poland, Lithuania, Estonia and Latvia together with ABC and the recently closed acquisitions in Slovenia, Croatia, Belarus and Ukraine as well as the expected acquisition in Bulgaria will then be in a position to develop a strong network to address the Eastern European market. After the completion of the acquisitions ALSO would be market leader in Eastern Europe with presence in 13 countries: Poland, Lithuania, Estonia, Latvia, Czech Republic, Slovakia, Romania, Hungary, Slovenia, Croatia, Bulgaria, Belarus and Ukraine.
«With this strong footprint ALSO will broaden its vendor portfolio in the Eastern European countries and will be able to offer an even more attractive technology platform for vendor and reseller partners», says Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX:ALSN). «We will provide a product, solution and service portfolio in these countries giving the regional partners access to ALSO’s technologies like the ALSO Cloud Market Place and Webshop, virtualisation technologies, ERP, BI and CRM.»
In building a strong ecosystem with the partners, ALSO can also optimize its Eastern European logistic network to address more resellers with a full range of best quality products and services. Moreover synergies of scale can be realized to make resellers even more attractive offers.