Sep 1, 2016 - Emmen
ALSO in exclusive talks to acquire Dutch distributor FIVE 4 U
FIVE 4 U was founded in 1992 in Utrecht and forecasts a revenue of approximately 285 million euros in the Netherlands, Belgium and Luxembourg for 2016. Five 4 U offers a broad portfolio of Apple products and accessories, hardware by other providers and services and support solutions such as online fulfilment, order and delivery services and storage services.
„Five 4 U is a perfect match for ALSO. Our portfolios are complementary. I am convinced that both Five 4 U and ALSO will profit from the combination of the businesses”, says Gustavo Möller-Hergt, CEO of ALSO. „ALSO provides a broad international market access. At the same time the Benelux focus of Five 4 U will help ALSO to further increase its strong market share in the Netherlands, Belgium and Luxembourg”, says Rien Slagter, CEO of Five 4 U.
Five 4 U represents more than 50 vendors and has an international customer base of well-established resellers. They will also benefit from ALSO’s broad portfolio of product and service offers. ALSO intends to leverage this given cross selling potential.
ALSO expects to sign the business combination agreement in fall 2016 after the completion of the due diligence.
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