“Being part of one of the leading technology suppliers fro the IT&C industry in Europe will allow ALSO Technology to significantly consolidate its business model in Romania. This includes optimized sale and logistical processes for IT, electronic and telecommunications equipment,” ALSO officials said.
The move is part of the Swiss holding’s expansion strategy for the Eastern European market, whose potential is estimated at EUR30 billion. ALSO targets a 20% market share in the region.
ABC Data had local sales of RON240 million (EUR51.6 million) and a net profit of RON0.43 million in 2018, up 126% on the year, according to finance ministry data.