ALSO finalizes the acquisition of Dutch distributor Five 4 U
Emmen, Switzerland, July 10, 2017
ALSO finalizes the acquisition of Dutch distributor Five 4 U 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.
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.