Complet Electro Serv (CES), a member of Altex Group and one of the main producers and wholesalers of IT&C, electronics and household appliances in Romania, takes over 79% of the shares of Despec Romania.
The deal received antitrust clearance back in March.
The takeover enhances Altex’s supplier portfolio with international brands such as Brother, Canon, Hewlett-Packard, Lexmark, Minolta, Optoma, Socomec and Verbatim.
“Including Despec in our network is another strategic step towards refining our customer offers and consolidate our position on the local market after acquiring RTC and the joint-venture with Promate of the past two years,” said Dan Ostahie, CEO of Altex Romania.
Despec shareholders, including general manager Cristian Ciurea, will remain in the company to ensure its integration and growth as part of Altex Group.
The deal was assisted by PeliPartners for Despec and D&B David si Baias for Altex.
In 2018, Altex group via Complet Electro Serv (CES) set up a joint-venture to take over accesory brand IT&C Promate. In 2020, Altex bought office supplies and stationary wholesaler RTC Proffice.