Swiss broadliner ALSO to make a bid for ABC Data
Swiss broadliner ALSO has signed an agreement with MCI Euroventures, the majority shareholder of the Polish company ABC Data SA, to make a joint tender offer for all publicly held shares of ABC Data SA, listed on the Warsaw Stock Exchange. The objective of the tender offer is to acquire 100% of ABC Data’s shares, 60.7% of which are already indirectly held by MCI Euroventures. Subject to the completion of the offer and the approval of the regulatory authorities, ALSO Holding AG will take over and continue the entire business operations of ABC Data. The tender offer is subject to the approval of the regulatory authorities.
The takeover of the business operations of ABC Data SA will position ALSO as the leader of IT equipment and consumer electronics distribution in the Polish market. In addition, it strengthens its existing business in Lithuania and will be present in Slovakia, Romania and Hungary. The Czech office of ABC Data is the only operation excluded of the offer, because of ongoing issues with local fiscal authorities.
Gustavo Möller-Hergt, CEO of ALSO Holding AG, commented: “part of ALSO’s strategy is to strengthen its market position in markets where it does not have a dominant position. In addition, we have a clear intention to further develop the traditional transactional business, to increase the sales share of the Solutions business and to enable the highly attractive consumptional business with the ALSO Cloud Marketplace. The acquisition of ABC Data meets our strategical criteria. We will become the number one in Poland and a leading market player in five other Eastern European countries. The transaction is an important milestone in the implementation of our growth plans.”