Dustin to acquire Finnish supplier of network solutions

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

May 13, 2015 at 2:00 AM

Dustin has signed an agreement to acquire Resolute ISMS Oy, one of Finland’s leading suppliers of network solutions to private and public sectors. Through this acquisition, Dustin will further strengthen its position in the Finnish market and its offering throughout the Nordic region. Resolute had sales of EUR 12 M in 2014, with a good level of profitability. The company will be integrated into Dustin’s Finnish operation, Businessforum. Completion is subject to the parties gaining comfort in key customer relationships. The transaction is expected to close in May. Resolute offers complete solutions that include everything from hardware, through the largest manufacturers, to configuration and support of network solutions. ”We see three significant market trends. The online shift, by which an increasingly large share of purchasing is migrating to the net, stronger growth in the small and medium-size enterprises segment compared with the market in general and an increased demand for more advanced services and products,” says Georgi Ganev, CEO of Dustin. “The acquisition of Resolute strengthens our position in more advanced services and products by adding new competence to the entire Group. In addition, we are reinforcing our position in Finland and creating the conditions for growth with new customers and a broader offering in all of our markets.” Resolute, which was founded in 2010, is acquired from the current management, which will remain active in the company. In 2014, the company had sales of EUR 12 M and now has 17 employees. Resolute is one of Finland’s leading suppliers of network solutions, with a considerable majority of customers in the public sector. ”As part of Dustin, we will have the possibility to reach new customers and together, we can continue to develop and strengthen our offering. Dustin’s strong position in the Nordic region and broad offering of products with associated services and solutions suits us well and will help us to successfully serve our customers in the future,” says Kari Vähämäki, CEO of Resolute Resolute will continue to operate under its own name until further notice and the integration into Businessforum will commence immediately. The purchase price consideration, consisting of initial consideration and additional consideration based on future financial result, will not be made public. The acquisition is estimated to have a marginally effect on Dustin’s earnings per share during the current financial year. Dustin will hold a teleconference for investors, analysts and the media on 13 May at 11:00 CET The conference call will be held in English. Telephone number: +46 (0)8 566 194 84 or +44 (0) 1452 589509 Conference code: 47128148 For further information, please contact: Georgi Ganev, CEO georgi.ganev@dustin.se Niklas Alm, IR Manager niklas.alm@dustin.se, +46 (0)70 824 40 88 This information is such that Dustin Group AB (publ) is required to disclose in accordance with the Swedish Financial Instruments Trading Act and/or the Swedish Securities Market Act. The information was submitted for publication at 07:45 CET on May 13, 2015. About Dustin Group Dustin Group is one of the leading Nordic resellers of IT products and additional services to companies, the public sector and private individuals. Having its core business within e-commerce, Dustin functions as a bridge between the manufacturer’s large selection and the customer’s needs where Dustin’s employees help customers find the right solution for their needs. Dustin Group is a one-stop-shop that offers approximately 200,000 products with associated services, functions and solutions. The operation is conducted in Sweden, Denmark, Norway and Finland. Besides Dustin and Dustin home, the Group also includes Businessforum (Finland) and IT-Hantverkarna (Sweden). Dustin Group has more than 900 employees. Sales during the 2013/14 financial year amounted to approximately SEK 7.4 billion. About 90 per cent of Dustin’s income derives from the corporate market with a focus on small and medium companies. Dustin Group is listed on Nasdaq Stockholm since 2015 and has its head office in Nacka in Stockholm.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

AI Deception Challenges the Confidence of Fraud Defenses

Fraud Week Spotlights AI Deception Alright, here's the rub: we're in Fraud Week 2026, and boy, is AI shaking the foundations of yesterday's fraud defenses! With all this AI talk, you would expect systems to be near invincible by now. But reality? A different beast altogether. AI has this knack of tripling up the complexity while pretending to solve it, making traditional...

Mitsubishi CEO Chikumoto Wins 2026 Palladium Medal

Here's something to tip your hat to: Manabu Chikumoto, the head honcho of Mitsubishi Chemical Group, snagged the 2026 International Palladium Medal. You don't get this one by just sitting pretty behind a desk. The folks at the Société de Chimie Industrielle—the ones responsible for this prestigious accolade—know a thing or two about setting high bars in the chemical...

Business Boom in 2026: Key Regions to Watch Now

Business Formations Break Records in 2026 I'm telling you, the entrepreneurial spirit is alive and kicking across the States this year. The latest numbers from Registered Agents Inc are clear as day: business is bustling. We're looking at 576,818 new business setups nationwide just in October 2026. That's outpacing the previous year by a whopping 8%. And if that doesn't...

Morgan County, IN: An Oasis for Balanced Living

Why Morgan County? A Question for Homebuyers Ever wondered what makes Morgan County, IN, such a hot ticket for folks looking to escape the daily grind of big city life? Rachel Blacklidge, real estate wizard and hometown hero, lays it all out in a way even the most city-bound among us can appreciate. Small-Town Vibes, Big-City Access Let’s face it—sometimes the chaos...

Accuray Finishes Key Deal, Resetting Financial Trajectory

Accuray Secures the Deal, But Is the Future Bright? Every now and then in the investing world, a company pulls off a maneuver that you wish you’d thought of first. Today, folks, it's Accuray's turn. They've just wrapped up a monstrous transaction with TCW – their primary lender and shareholder – that has them feeling optimistic about the road ahead. Bold Moves to...

TagMaster To Acquire Kapsch's RFID Ops in NA Market

A Strategic Move in the Transportation Sector Here's a fresh shake-up for the North American transportation sector: TagMaster, alongside its U.S. subsidiary Sensys Networks, is all set to acquire Kapsch TrafficCom's RFID-focused North American components business. This isn't just a minor shuffle—this deal could ripple through the industry, promising strategic uplifts...

PangeAI and Sky Blue Transform Data Center Decisions

Just when you thought the incessant trials of picking a prime data center site couldn’t get any more grueling or expensive, enter PangeAI and its brand-new ally, Sky Blue Impact. These tech firms have partnered up to speed up what has traditionally been a sluggish, pricey process. Here’s the deal: PangeAI’s geospatial AI platform lets Sky Blue dodge the usually...

Betterness Expands Health Networks with $3.5M Boost

Defining a Health Revolution in the Heart of Miami Just when you think the fitness tech scene might be settling into its groove, along comes Betterness, Inc., shaking things up with another cool million in their pockets. I'm talking about their recent addition to their seed round, now sitting pretty at a robust $3.5 million. You can't ignore how they're taking a...

Later's NYC Summit Reinvents Social Commerce Game Plan

Creators and Corporates Collide Imagine this: an NYC stage not adorned with Broadway's finest, but with digital maestros steering a new age in social commerce. That's what Later is betting on with their Creator Live summit, debuting in the bustling heart of New York City. We're talking about influencers not just as Instagram stars, but as key players in a $480 billion...

KeyCorp Plans Redemption of Series E Preferred Stock

KeyCorp Drops a Major Redemption Bombshell Out of the blue, KeyCorp (NYSE: KEY) just tossed a curveball at investors with the announcement they’re redeeming every last one of their Series E Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock shares come December 15, 2026. This move is bound to stir the pot a bit even if you’ve been around the block a few...