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Solution Provider News

ELKO Enters the Nordics With Gandalf Buy

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ELKO Enters the Nordics With Gandalf Buy

Latvian distie ELKO arrives in the Nordics through the acquisition of an 85% stake in Gandalf, a hardware and components distributor based in Sweden.

Gandalf has 30 years of experience in the distribution and sales business, and has offices in Stockholm, Gothenburg and Malmö. It has a total staff of 40, and offers products such as laptops, HDDs, monitors and graphics cards together with networking hardware across the Nordic region.

“ELKO has been looking for geographical expansion opportunities for some time,” the company says. “Gandalf’s business model and operational structure is very similar to our own and thus we feel confident about this acquisition.”

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EET Europarts Buys Heimdal

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EET Europarts Buys Heimdal

EET Europarts plans to become a leading distributor of POS and Auto-ID with the acquisition of Heimdal, a French specialist distributor of in mobile automatic identification and logistics hardware.

The financial details of the deal are not available.

Heimdal has partnerships with Zebra, Brother and Motorola. It offers mobile terminals, bar code readers and printers. The acquisition sees a team of experienced Heimdal employees move to EET Europarts. In addition, Heimdal managing director Fabrice Fanget joins EET Europarts as Business Development Manager, POS & Auto-ID France.

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Qvest Media Expands into Copenhagen

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Qvest Media Expands into Copenhagen

German system integrator Qvest Media continues its "strategic expansion" as it opens a location in Copenhagen, Denmark serving as a central hub for business in the Nordics and Baltics.

The Copenhagen base extends the Qvest Managed Technology business division, whose portfolio comprises cloud services, infrastructure-as-a-service and support, into N. Europe. Leading it is the company's Nordic managing director, Peter Thomsen.

“The Nordic and Baltic countries are an important and attractive market for us, which is characterised by great openness for new media and technology trends," the company says. "With our experience in the design and development of digital and media technology infrastructures, we would like to play a significant role here in the future."

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EET Group Names Søren Drewsen CEO

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EET Group Names Søren Drewsen CEO

Pan-European IT and technology distributor EET Group announces Søren Drewsen as CEO. He succeeds John Thomas, who steps down after a 20-year tenure in order to "spend more time with his family."

Thomas will remain at EET Group as a member of the board, as well as shareholder along majority owner FSN Capital. His successor, Søren Drewsen, joins EET Group from a position as VP and group managing director and head of N. Europe at UK-based roofing systems manufacturer Icopal/BMI Group. He holds a Master of Science and Bachelor degrees in both Marketing and Organisation from Copenhagen Business School.

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ABC Data Achieves "Breakthrough" in Q1 2017

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ABC Data Achieves

CEE-based distributor ABC Data manages to bring gross margins to record levels in Q1 2017, following a series of efforts to reduce operational costs.

As a result, Q1 2017 sees revenues fall by -4% Y-o-Y to 994.8 million Polish zloty (€236.04m), while EBITDA is up by 19% Y-o-Y to 6.8m zloty. The quarter also has the highest ABC Data margins on sales, reaching 5.9% (0.5% higher than Q1 2016). The traditional distribution business sees 5.7% profit margins, while the value-added business unit reaches margins of 10%, in part thanks to the acquisition of storage specialist S4E.

"The first quarter is a breakthrough for the company's results," CEO Illona Weiss says. "At the end of 2016, [we implemented] actions aimed at optimising costs, [which has] brought the assumed effect right now and will become even more apparent in the coming quarters. In addition, business decisions and intensive work carried out in key areas of e-commerce, cloud, mobile, and VAD translate into the financial results of the group."

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