Visit our other websites:    On CE    eSP    Mobile Channels    ECI news    rAVe Europe    Digital Signage News EMEA    iChannels

Distributor News

ALSO Buys Bachmann Mobile Kommunikation

E-mail Print PDF
ALSO Buys Bachmann Mobile Kommunikation

ALSO acquires a majority stake in Swiss after-sales specialist Bachmann Mobile Kommunikation, a deal the distributor hopes will increase turnover generated by services from 3 to 6% through "inorganic and inorganic growth."

The distie bought a 30% stake in Bachmann back in 2014, starting a "fruitful relationship" in after-sales services. ALSO describes Bachmann as the leading Swiss provider of repair and logistics services in CE and mobile communications after-sales market. Major customers the company serves include s Swisscom, Sunrise, Salt and Schweizerische Post

Continue reading...

Gerhard Schulz Leaves Ingram Micro

E-mail Print PDF
Gerhard Schulz Leaves Ingram Micro

Ingram Micro announces European leader Gerhard Shulz is leaving the company for as yet unspecified reasons. No word is available on any potential replacements, either.

Schulz served at Ingram for over 15 years, and has been president of European Technology Solutions since 2013. Prior to his promotion he led the Ingram distribution business across DACHH, covering operations in Germany, Austria, Switzerland and Hungary. He also served as managing director of Ingram's German business, as well as other senior sales posts in the country.

Continue reading...

ALSO Continues Growing in H1 2016

E-mail Print PDF
ALSO Continues Growing in H1 2016

The ALSO Group announces net profits for H1 2016 total €27.8 million, a Y-o-Y incresae of 14%, while net sales are up by "roughly" 3% Y-o-Y to reach €3771m. EBT is up by 12% to €40.3m.

"We are very pleased with our performance in the first six month of 2016," ALSO CEO Gustavo Möller-Hergt says. "We have again been able to increase profit significantly stronger than net sales, although we decisively invested in our business. We have developed our business in Poland and the Benelux and we will keep on expanding our activities."

The distributor points out somewhat softer sales in C. Europe (2% Y-o-Y growth), even if EBT margin is stronger compared to 2015 (1.5%), the result of profit stabilisation efforts in Switzerland and France as well as "above average" German results. Meanwhile the N./E. Europe segment sees sales grow by 11%, even if profits are down due to initial investments in Poland, Benelux and Finland.

Continue reading...

Shanghai Stock Exchange Delays Ingram Buyout

E-mail Print PDF
Shanghai Stock Exchange Delays Ingram Buyout

Tianjin Tianhai delays its acquisition of Ingram Micro after a demand for "details" by the Shanghai Stock Exchange (SSE), the Wall Street Journal reports.

As a result,  the Chinese logistics giant was forced to postpone the shareholder meeting meant to rubber-stamp the €5.4 billion deal. The acquisition already got approval from 99.8% of Ingram investors earlier last month, and even the US Federal Trade Commission and the Department of Justice gave their go ahead.

However the SSE requires assurances on funding, and is examining whether the transaction bank loan size, duration, interest rates and outlay will "have a negative impact" on the companies involved. Also required are details on exit plans for a Chinese co-investors, potential financial risks and whether Tianjin Tianhai expects any further regulatory obstacles.

Continue reading...

ABC Data Opens Budapest Centre

E-mail Print PDF
ABC Data Opens Budapest Centre

Polish IT and CE distributor ABC Data sets to streamline operations in Hungary and S. Europe, as well as optimise delivery times, through the opening of a new logistics centre in Budapest.

Located in the Prologis Park Harbour logistics park near Budapest, the warehouse is managed by Hungarian logistics provider Silver Forest Logisticsystem. Currently ABC Data operates directly in 8 markets (Poland, the Baltic countries, Czech Republic, Slovakia, Romania and Hungary), and the new centre should help it improve its position further within CEE.

Continue reading...

Restructure Hurts Ingram's European Q1

E-mail Print PDF
Restructure Hurts Ingram's European Q1

Ingram Micro feels the hurt on Q1 2016 in Europe, as restructuring efforts and changes to vendor contracts bring about a -13.4% Y-o-Y decline to regional revenues worth $2.66 billion.

The quarterly European results also bear a loss of $18.77bn in redundancy payoffs and other reogranisation cuts, leading to quarterly operating losses of $18.43bn. These were the result of a 2015 restructure exercise across the continent, one complete with the closure of the former Brussels regional HQ and a move to a new service centre in Sofia, Bulgaria.

In addition, as the Ingram US Securities and Exchange Commission (SEC) results filing puts it, "changes in contract terms for some of our high-volume European distribution business, which led to recognising the associated revenue on a net basis versus a gross basis."

Continue reading...

ALSO Expands into Slovenia

E-mail Print PDF
ALSO Expands into Slovenia

Distributor ALSO expands further into CEE as it opens a 14th European subsidiary in Slovenia, with a Ljubljana-based office focusing on digital services distributions.

The Ljubljana office will also house the ALSO Cloud Marketplace allowing resellers to package Microsoft cloud technology with solutions from different vendors.

Continue reading...

Chinese Company Buys Ingram Micro

E-mail Print PDF
Chinese Company Buys Ingram Micro

Out of the blue sea, Tianjin Tianhai from China announced it will buy Ingram-Micro, the world's largest technology distributor for $6 billion.

$6 billion for a $46 billion company tells you a lot about the business of high tech distribution. But this story is not about the HOW MUCH but more about the WHO and the WHY.

Tianjin Tianhai began as a humble marine shipping company and turned itself into a modern logistic industry investor and operator, focusing on investment in logistics, supply chain and management-- and financing service for the logistic industry.

Continue reading...

Ingram Swallows RRC CEE Division

E-mail Print PDF
Ingram Swallows RRC CEE Division

Ingram expands further into Central and Eastern Europe (CEE) with the acquisition of the CEE division of fellow value-added enterprise IT distributor RRC Group.

The RRC CEE division brings Ingram a Polish HQ and operations in Poland, Hungary, Serbia, Romania, Czech Republic, Croatia, Slovenia, Macedonia and Albania. It has a product portfolio covering networking, security, infrastructure and auto identification products from Cisco, IBM, Zebra and Avaya, as well as a service offerings suite complete with logistics, education and technical, and marketing support.

Continue reading...

Page 2 of 6