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DistIT AB
M&A Activity • Feb 21, 2025
8240_iss_2025-02-21_46a4be4c-03d7-45df-9c4c-d04b35bdb86e.pdf
M&A Activity
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DistIT AB (publ) enters into a final sale and purchase agreement to sell its Lithuanian subsidiary Deltaco Baltic UAB
As previously announced, Aurdel Sweden AB, a subsidiary of DistIT AB (publ) ("DistIT") has entered into a conditional agreement for the sale of 100 percent of the shares in the Lithuanian subsidiary Deltaco Baltic UAB to ELKO Grupa AS (ELKO Group), a leading IT and CE distributor in the Nordic region and Central Eastern Europe, headquartered in Riga, Latvia.
The sale price amounts to 3 MEUR and the transaction is subject customary regulatory approvals.
Today, a final Sales and Purchase Agreement (SPA) and a Distribution Agreement were signed between Aurdel Sweden AB and ELKO Group. ELKO will continue to distribute Aurdel's own brands (EMV) in the Baltics as Aurdel's local partner. Through its already established channels in the three Baltic countries, ELKO sees great potential to increase sales of Aurdel's EMV products as well as of Deltaco Baltic's white goods.
Deltaco Baltic UAB is a distributor of mainly large and small appliances (MDA and SDA) as well as accessories for computers, laptops, mobile phones and tablets, headquartered in Kaunas, Lithuania. The products are mainly sold to other retailers in the B2B market and to a number of retail chains in the Baltic States. Deltaco Baltic's sales in 2024 amounted to 12,9 MEUR, which corresponded to approximately 9 percent of the DistIT Group's total sales.
About ELKO Group
The ELKO Group is one of the region's largest distributors of products and solutions in IT and consumer electronics and represents 350 IT manufacturers. The company provides a wide range of products and services to more than 10,000 resellers, local computer manufacturers, system integrators, and companies in various sectors in 13 countries in Europe. www.elkogroup.com
Contacts:
Per Kaufmann, CEO DistIT AB Phone: +33 60 778 87 23 Email: [email protected]
Anders Bladh, chairman of the board DistIT AB Mobile: +46 70 666 80 45 Email: [email protected]
About DistIT AB
DistIT owns and develops niche distributors of IT, mobility, consumer electronics, networking and data communications products in the Nordics. Companies within the DistIT Group deliver B2B as well as B2C products to the IT markets in Europe. The DistIT stock is listed on the Nasdaq First North Premier Growth Market exchange and DistIT's Certified Adviser is Carnegie Investment Bank AB (publ).
This information is information that DistIT is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-02-21 12:00 CET.
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DistIT AB (publ) enters into a final sale and purchase agreement to sell its Lithuanian subsidiary Deltaco Baltic UAB