ALSO Holding AG

M&A Activity • Oct 27, 2021

News Details

Corporate | 27 October 2021 07:30

ALSO further strengthens expertise

EQS Group-News: ALSO Holding AG / Key word(s): Agreement

27.10.2021 / 07:30

Emmen, Switzerland, 26. October 2021
PRESS RELEASE

**Next acquisition:

ALSO further strengthens expertise**

On 26. October 2021, the Technology Provider signed a purchase agreement with IREO Soluciones y Servicios, a Spanish value added distributor with an SMB focus.

Through the acquisition, ALSO will expand the successfully started cloud business in Spain even faster. IREO’s solutions are going to be integrated into Cloud Marketplace (ACMP). The acquired know how will be used to enhance business in all other European countries and with the Platform-as-a-Service partners, too.

“We are consistently pursuing our MORE strategy of sustainable profitable growth. With its SMB focus and profound know how in managed services and security, IREO will help us to grow in these areas,” says Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX: ALSN).

Contact ALSO Holding AG:

Beate Flamm

Senior Vice President Communication

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 recycling from a single source. Its business activities comprise the Supply, Solutions and Service divisions. Supply comprises the transactional range of hardware and software. Solutions supports customers in the development of customized IT solutions. Subscription-based cloud offerings as well as platforms for cybersecurity, virtualization and AI are at the core of the Service area. The main shareholder is the Droege Group, Düsseldorf, Germany. For more information, visit: https://also.com.

The Droege Group

The Droege Group (founded in 1988) is an independent investment and consulting firm, wholly family-owned. The company acts as a specialist for tailor-made transformation programs with the aim of increasing enterprise value. The Droege Group combines its family business structure and capital strength to create a family equity business model. The group invests equity in “special opportunities” with a focus on medium-sized companies and spin-offs as well as strategically in buy & build transactions. With its guiding principle “Implementation – by every trick in the book”, the group is one of the pioneers of implementation-oriented corporate development. The Droege Group’s entrepreneurial platforms are aligned with long-term megatrends. Enthusiasm for quality, innovation and speed determine corporate development. The Droege Group has thus successfully positioned itself in the national and international market and is operationally active with its entrepreneurial platforms in 30 countries. More at: https://droege-group.com .

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Additional features:

File: ALSO_26.10.2021

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