ALSO Holding AG will acquire the Dutch distributor Five 4 U B.V. The closing of the transaction, which is expected in the coming months, remains subject to the usual regulatory approvals. The parties agreed to keep the purchase price confidential.
“I look forward to working with the Five 4 U team, which has a proven graphic arts expertise that is of interest to the entire ALSO Group. The acquisition opens up new customer groups in the Netherlands and gives us access to products that we can sell to our existing customers. Our business in Belgium will benefit from the transaction,” said Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX: ALSN).
“Five 4 U has experienced exceptional growth in the Benelux over the past 25 years, mainly in its business with Apple products and in the area of graphics. The transaction with ALSO ensures an acceleration of this growth given our shared vision, experience and market orientation,” said Rien Slagter, CEO of Five 4 U.
Five 4 U is one of the leading specialized distributors for hardware and software in the Benelux. The company is a distributor for Apple and other hardware providers such as HP and Epson. Further, Five 4 U offers its customers software and IT services. A large part of its activities focus on logistics and service merchandising. The company markets more than 50 brands and has an international customer base of resellers who will benefit from ALSO’s wide range of services and products.
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