Dec 10, 2021 - Emmen

ALSO reinforces presence in Eastern Europe: Acquisition of Ramiris’ IT division in Hungary

After entering the market in 2019, like in other countries ALSO has been growing its footprint systematically, opening a new warehouse last year and successfully expanding its ecosystem. The now acquired part of Ramiris with its IT expertise makes ALSO Hungary one of the major players in the field. With a Total Addressable Market of 4.5 billion Euros and approximately 2500 resellers, the country represents one of the biggest ICT markets in Eastern Europe. The deal presents a triple-win situation, for the Hungarian end users as well as for both companies.

Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX: ALSN): “Acquiring Ramiris follows our successful growth strategy of ‘buy and build’, continually enhancing reach, expanding our ecosystem and consolidating ALSO’s engagement. The region offers great opportunities for resellers, vendors, and us to scale the transactional and develop the consumptional business.”

Contact

For media inquiries:

Beate Flamm

Senior Vice President Sustainable Change
+49 151 61266047
beate.flamm@also.com