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‘We want to become number one in Poland,’ says Gustavo Möller-Hergt, CEO of ALSO Holding AG.

In January 2019 the news of an important approach has shocked the Polish financial world and also the European economy: ALSO Holding AG, one of the leading providers of ICT distribution, solutions and services in Europe has made an offer for buying the Polish Company ABC Data S.A.. The news immediately went around the world: after all, when two important stakeholders in the world of communication meet and decide to join forces, it is clear that the financial world will not just be watching, but that on the contrary they will wait for the next moves to understand how the economy’s strands will move in the months to come.

What happened then?

ALSO Holding AG together with the MCI Group - the majority shareholder of the Polish company ABC Data SA - submitted a tender offer for the sale of shares in ABC Data S.A. ABC Data S.A. operates in six countries of Eastern Europe, generating in 2017 sales for 1080 million € (PLN 4,635 million).

Even if on the place is still just an offer, after accepting the opportunity and receiving the approval of all the regulatory authorities, ALSO Holding AG will take over all business operations of ABC Data S.A.. Practically speaking, the Holding will control the total operation of ABC Data. The purchase of ABC Data S.A., in fact, enables ALSO Holding AG to develop business solutions and services in accordance with its strategy; moreover, thanks to the transaction, ALSO wants to significantly strengthen its market position in Eastern Europe.