Intervision Trading was established in 1996 and has been Akai distributor since 2009. The company had a turnover of EUR7.42 million (RON36.57 million) and a net profit of EUR1.2 million (RON5.94 million) in 2020. Intervision Trading is exclusive distributor of the AKAI brand in Romania, Bulgaria, the Czech Republic, Croatia, Greece, Poland, Slovakia, Slovenia and Hungary.
“Alongside Visual Fan, we shall consolidate our position on the markets in which we operate and we shall find new ways of highlighting the portfolio of products of each of the two companies, while providing additional opportunities both for our clients and for Allview clients”, said Dorin Ciobanu, CEO and founder of Intervision Trading RO SRL.
The acquisition will generate, on the long term, a significant increase in Visual Fan’s turnover and profitability.
Romania’s Competition Council is expected to approve the acquisition in the coming period.
“The transaction we are working on will represent a new step towards consolidating Visual Fan business, and, bringing the AKAI products, via Intervision Trading, close to the range of Allview products and services, will be a win-win both for the two companies and for our clients. Our experience so far has proved that diversifying the range of products is beneficial in the IT&C industry and the AKAI products will enrich the Allview supply, as we are talking about complementary items which we don’t produce. Furthermore, expanding the portfolio with complementary products generates profit growth”, said Lucian Peticila, CEO and founder of Visual Fan.
Visual Fan SA was listed on the Multilateral Trading Segment of the Bucharest Stock Exchange on July 26, 2021 and seeks to use the stock market instruments in order to fund its development strategy both locally and globally.
In the first half of 2021, Allview’s turnover grew over 55% on the year to above EUR13.58 million (EUR66.77 million) from the sale of electronic devices, which is the company’s core activity. Its net profit surged 62.74% on the year to RON972,000 (RON4.78 million) in January-June 2021.
Allview delivers products to more than ten countries, among which Poland, Germany and the Baltic countries. The comany had 79 employees at end-2020.
Visual Fan SA founder, Lucian Peticila, holds 82.8% of the company’s shares. Allview’s shareholders also include Peticila Manuela with a 4.5% stake and Cotuna Camelia-Stefania with a 2.7% ownership stake. The remainder of as much as 10% is distributed among natural persons and legal entities and represents the company’s free-float.