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Next acquisition: ALSO Drives Growth in Southern Europe

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EQS Group-News: ALSO Holding AG / Key word(s): Expansion
03.11.2021 / 18:00

Emmen, Switzerland, 3. November 2021

PRESS RELEASE

 

Next acquisition:
ALSO Drives Growth in Southern Europe


On 3. November 2021 the Technology Provider signed a purchase agreement with Executive s.p.a., an Italian value added distributor with a focus on retail.

Entering the market in this country, with its concrete EU-backed plans for a major digital infrastructure upgrade, is the next logical step in expanding coverage across Southern Europe. The Technology provider sees a unique opportunity of establishing and scaling all its three business models, Supply, Solutions and Service, in Italy. At the same time, ALSO will benefit from Executive's expertise in delivering the full range of channel management services dedicated to retail customers.

Giorgio Ascoli, Co-Owner of Executive s.p.a.: "This is a win-win constellation: we will be able to roll out the value added services we have successfully developed into other countries. At the same time, being part of the ALSO ecosystem enables us to bring new vendors and services to our Italian customers."

For ALSO, the acquisition, which is still subject to the standard regulatory approvals, is part of its strategy of sustainable profitable growth, as Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX: ALSN), explains: "Two pillars of our MORE strategy are reinvention and enhancement. With the acquisition, we are going to reinvent some of our processes with Executive's retail channel management tool, while at the same time enhance our ecosystem even further."

He adds: "We share the same values: responsible action and long-term commitment have always been at the core of this family owned and managed business. Which is why not only the founders will remain in the company, but their children will play an active part in building and deploying ALSO Cloud Italy."
 

Contact ALSO Holding AG:
Beate Flamm
Senior Vice President Communication
E-mail: beate.flamm@also.com
 

ALSO Holding AG (ALSN.SW) (Emmen/Switzerland) is one of the leading technology providers for the ICT industry, currently active in 27 countries in Europe and in a total of 93 countries worldwide via PaaS partners. The ALSO ecosystem offers around 110 000 resellers hardware, software and IT services from more than 700 vendors in over 1340 product categories. In the spirit of the circular economy, the company provides all services from provision to recycling from a single source. Its business activities comprise the Supply, Solutions and Service divisions. Supply comprises the transactional range of hardware and software. Solutions supports customers in the development of customized IT solutions. Subscription-based cloud offerings as well as platforms for cybersecurity, virtualization and AI are at the core of the Service area. The main shareholder is the Droege Group, Düsseldorf, Germany. For more information, visit: https://also.com.

The Droege Group
The Droege Group (founded in 1988) is an independent investment and consulting firm, wholly family-owned. The company acts as a specialist for tailor-made transformation programs with the aim of increasing enterprise value. The Droege Group combines its family business structure and capital strength to create a family equity business model. The group invests equity in "special opportunities" with a focus on medium-sized companies and spin-offs as well as strategically in buy & build transactions. With its guiding principle "Implementation - by every trick in the book", the group is one of the pioneers of implementation-oriented corporate development. The Droege Group's entrepreneurial platforms are aligned with long-term megatrends. Enthusiasm for quality, innovation and speed determine corporate development. The Droege Group has thus successfully positioned itself in the national and international market and is operationally active with its entrepreneurial platforms in 30 countries. More at: https://droege-group.com.

Additional features:

File: ALSO_03.11.2021

End of Media Release

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