Emmen, Switzerland, July 10, 2017
ALSO Holding AG (SIX: ALSN) today reported that it has completed its previously announced acquisition of Dutch distributor Five 4 U B.V. Anti-trust authorities have approved the transaction.
"The acquisition opens up new customer groups in the Netherlands and Belgium. At the same time we can expand our product portfolio, foremost in the area of graphics. This will create an important basis for our 3D printing business. It's a perfect addition to ALSO," explained Gustavo Möller-Hergt, CEO of ALSO Holding AG.
Five 4 U is one of the leading specialized distributors for hardware and software in the Benelux. The company is a distributor for Apple and other hardware providers such as HP and Epson. Furthermore, Five 4 U offers its customers software and IT services.
Direct link to the press release: http://www.also.com/goto/20170710en
Contact person: Brunswick Group GmbH Simon Hertwig Phone: +49 89 80 99 025 25 E-mail: shertwig@brunswickgroup.com
ALSO Holding AG (Emmen/Switzerland) brings providers and buyers of the ICT industry together. The company offers services at all levels of the ICT value chain from a single source. In the European B2B marketplace, ALSO bundles logistics services, financial services, supply services, solution services, digital services, and IT services together into individual service packages. ALSO's portfolio contains more than 188 000 articles from some 500 vendors. The Group has around 3 520 employees throughout Europe (annual average 2016). In fiscal year 2016 (closing on December 31), the company generated net sales of 8.0 billion euros. The majority shareholder of ALSO Holding AG is the Droege Group, Düsseldorf, Germany. Further information is available at http://www.also.com
Droege Group AG (Major shareholder) Droege Group AG (founded in 1988) is an independent advisory and investment company entirely family-owned. The company acts as a specialist for tailor-made transformation programs aiming to enhance corporate value. Droege Group AG combines its corporate family-run structure and capital strength into a family-equity business model. The group carries out direct investments with own equity in corporate subsidiaries and medium-sized companies in "special situations". With the guiding principle "Implementation - following all the rules of art," the group is a pioneer of implementation-oriented corporate development. Droege Group AG proves its implementation excellence daily within its own portfolio. The entrepreneurial platforms of the Droege Group AG are aligned to current megatrends (knowledge, connectivity, prevention, demography, shopping 4.0, future work). Enthusiasm for quality, innovation and speed determines the company's development. As a result the Droege Group AG has successfully positioned itself within the market, both nationally and internationally and operates in 30 countries. More information: https://www.droege-group.com
Disclaimer This press release contains forward-looking statements which are based on current assumptions and forecasts of the ALSO management. Known and unknown risks, uncertainties, and other factors could lead to material differences between the forward-looking statements made here and the actual development, in particular the results, financial situation, and performance of our Group. The Group accepts no responsibility for updating these forward-looking statements or adapting them to future events or developments.
