Distributor ALSO has completed its drawn-out acquisition of ABC Data, which adds €1bn in revenues in six countries to the Swiss distributor.
The deal launches ALSO into four new countries: Czech Republic, Slovakia, Romania and Hungary, while bolstering its existing operations in Poland and Lithuania.
ALSO claims that, after a short integration process, its customers will be have access to its three business areas: product, solutions and services.
ABC Data's president, Ilona Weiss, and vice presidents Andrzej Kuźniak and Grzegorz Litwinowicz, have resigned from the company's management board. The company's new president is Andrez Lis, who claims to have 25 years of experience as an entrepreneur, consultant and manager working with companies such as the Innovation Technology Group, Plazmatronika and Czechowicz Ventures.
The takeover also includes shares in ABC Data subsidiaries such as its datacentre brand S4E and Apple distributor iSource.
Disagreements between ABC Data shareholders and ALSO caused the closing date for the deal to be pushed back twice this year, The Polish distributor's largest shareholder, PZU Pension Company, complained that ALSO's price was too low and proceeded to sue ABC Data over its acceptance of the terms.
The deal was originally slated to close on 18 March, but was pushed back to 17 April as a result.
The European Commission gave approval for the takeover earlier this month.
ALSO has been quickly consolidating the CEE market in efforts to become a leading player in the region. It acquired €110m-turnover Bulgarian player Solytron in April after buying up €80m-turnover Slovenian distributor DISS Group and €40m Croatian player RECRO last year.
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