Distributor ALSO says it intends to acquire Five 4 U, a specialist distributor of computer hardware and software in the Benelux countries, distributing for Apple and other vendors like HP and Epson. A large part of the business model is based on supply activities; it also offers services including warehousing and service merchandising. FIVE 4 U was founded in 1992 in Utrecht and forecasts a revenue of approximately €285m in the Netherlands, Belgium and Luxembourg for 2016.
“Five 4 U is a perfect match for ALSO. Our portfolios are complementary. I am convinced that both Five 4 U and ALSO will profit from the combination of the businesses,” says Gustavo Möller-Hergt, CEO of ALSO.
The Benelux focus of Five 4 U will help ALSO to further increase its market share in the Netherlands, Belgium and Luxembourg”, says Rien Slagter, CEO of Five 4 U. Five 4 U represents more than 50 vendors and has an international customer base of resellers. ALSO expects to sign the business combination agreement in fall 2016 after the completion of the due diligence.