The transaction, which was announced by Allview in September 2021, is expected to generate an increase of at least 25% in the company’s profit between 2022 and 2023 compared to estimates in the listing memorandum.
Established 25 years ago by Dorin Ciobanu, Intervision Trading saw an upward trend on the audio systems distribution market, seeing a turnover of EUR7.42 million (RON36.5 million) and a net profit of EUR1.2 million (RON5.94 million) in 2020.
Its distribution area with exclusive rights on AKAI products includes, besides Romania, countries such as Bulgaria, the Czech Republic, Croatia, Greece, Poland, Slovakia, Slovenia and Hungary.
Soon after the acquisition, Visual Fan aims to integrate Intervision Trading and to capitalize on the best practices within each of the companies. Subsequently, both companies are to benefit from the other’s commercial network in order to maximize growth opportunities.
Listed on the Multilateral Trading Segment of the Bucharest Stock Exchange, on July 26, 2021, Visual Fan SA aims to use stock market instruments to fund the development strategy both locally and globally.