ALSO HOLDING AG EQS-News: ALSO reinforces presence in Eastern Europe: Acquisition of Ramiris' IT division in Hungary

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10/12/2021 07:00

EQS-News: ALSO Holding AG / Key word(s): Acquisition
ALSO reinforces presence in Eastern Europe: Acquisition of Ramiris' IT division in Hungary

10.12.2021 / 07:00

Emmen, Switzerland, 10. December 2021

ALSO reinforces presence in Eastern Europe:
Acquisition of Ramiris' IT division in Hungary

After entering the market in 2019, like in other countries ALSO has been growing its footprint systematically, opening a new warehouse last year and successfully expanding its ecosystem. The now acquired part of Ramiris with its IT expertise makes ALSO Hungary one of the major players in the field. With a Total Addressable Market of 4.5 billion Euros and approximately 2500 resellers, the country represents one of the biggest ICT markets in Eastern Europe. The deal presents a triple-win situation, for the Hungarian end users as well as for both companies.

Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX: ALSN): "Acquiring Ramiris follows our successful growth strategy of 'buy and build', continually enhancing reach, expanding our ecosystem and consolidating ALSO's engagement. The region offers great opportunities for resellers, vendors, and us to scale the transactional and develop the consumptional business."

Contact ALSO Holding AG:
Beate Flamm
Senior Vice President Sustainable Change
E-mail: beate.flamm@also.com

ALSO Holding AG (ALSN.SW) (Emmen/Switzerland) is one of the leading technology providers for the ICT industry, currently active in 27 countries in Europe and in a total of 93 countries worldwide via PaaS partners. The ALSO ecosystem offers around 110 000 resellers hardware, software and IT services from more than 700 vendors in over 1340 product categories. In the spirit of the circular economy, the company provides all services from provision to refurbishment from a single source. The business activities comprise Supply, Solutions and Service. Supply comprises the transactional range of hardware and software. Solutions division supports customers in the development of customized IT solutions. Subscription-based cloud offerings as well as platforms for cybersecurity, virtualization and AI are the focus of the Service area. The main shareholder is the Droege Group, Düsseldorf, Germany. For more information, visit: https://also.com.

About Droege Group
Droege Group
(founded in 1988) is an independent advisory and investment company under full family ownership. The company acts as a specialist for tailor-made transformation programs aiming to enhance corporate value. Droege Group combines its corporate family-run structure and capital strength into a familyequity business model. The group invests its own equity in "special opportunities" with a focus on mediumsized companies and spin-offs as well as strategically in buy & build transactions. With the guiding principle "execution - following the rules of art", the group is a pioneer in execution-oriented corporate development. Droege Group follows a focused investment strategy based on long-term oriented megatrends. Enthusiasm for quality, innovation and speed determines the company's actions. In recent years Droege Group has successfully positioned itself in domestic and international markets and operates in 30 countries. For more information, visit: https://droege-group.com.

This press release contains forward-looking statements which are based on current assumptions and forecasts of the ALSO management. Known and unknown risks, uncertainties, and other factors could lead to material differences between the forward-looking statements made here and the actual development, in particular the results, financial situation, and performance of our Group. The Group accepts no responsibility for updating these forward-looking statements or adapting them to future events or developments.

Additional features:

File: ALSO_10.12.2021

End of Media Release

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