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General

Also receives approval to take over Eastern European IT distributor

Thursday 13 June 2019 | 11:15 CET | News

Also Holding and MCI Euroventures, majority shareholder of Eastern European distributor ABC Data, received the unconditional consent of the European Commission for the acquisition of ABC Data by Also Holding. The Poland-based company is active in six Eastern European countries and generated sales of PLN 4.468 billion (EUR 1.048 billion) in 2018. As a result, Also sad it's pushing ahead with its Eastern European expansion strategy.

This approval creates the essential conditions for Also's complete takeover of ABC Data's business operations. Also said the acquisition makes it 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 aims to expand its high-margin products 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).



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Categories: General
Companies: European Commission
Countries: Eastern Europe / Poland
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