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After SMG relinquished pan-Scandic business by selling their Swedish and Norwegian subsidiaries to GNT group, Danish distributor SMG discovered the hard way that they had become “too small.”
Several vendors (Intel, AMD and Maxtor, among others) ended their partnership with SMG after the sale in September 2006. MD Ole Mortensen and Chairman Mark Keough still hope for new investors.
In an effort to contain "deepening economic damage" from the coronavirus the Chinese government plans to take control of the HNA Group, the parent company of distributor Ingram Micro, Bloomberg... Read more
ALSO expands further into CEE with the acquisition of Solytron Bulgaria, the largest distributor in the country with sales of €110 million and market share reaching over 30%. Founded in Sofia... Read more
Private equity firm Apollo Global Management has plans to acquire solution provider Tech Data, Reuters report, with an offer "people familiar with the matter" claim is worth around $5 billion. The... Read more
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