ASBIS has a binding agreement to acquire Samsung stores in Poland

Under this agreement, ASBIS has acquired a network of 13 stationary Samsung Brand Store outlets in Poland. The transaction value amounted to 10 million euros and was financed from the company's own resources. Full integration of the Samsung Brand Store chain with the ASBIS Group is expected by the turn of the year.

The acquisition of the Samsung Brand Store network is part of ASBIS Group's strategy to develop a premium retail network in its local markets. ASBIS has extensive experience managing such stores for global brands. Currently, it operates 40 stores in 14 countries, including 33 Apple Premium Reseller stores (iSpace) in 7 countries and 7 Bang & Olufsen stores in 4 countries. Soon, three additional Bang & Olufsen stores will open in the United States.

Serhei Kostevitch, CEO of ASBIS Group, commented: ”We have finalized the agreement with Matrix Media and become the owners of the Samsung Brand Store chain in Poland. It complement our existing offering very well, which includes iSpace stores with Apple products and Bang & Olufsen stores that we operate in other countries. Currently, we are integrating the accounting systems of the store network with our own systems, which should be completed by the turn of the year.”

MATRIX MEDIA specializes in the retail sale of consumer electronics and household appliances, offering products of renowned brands in stationary showrooms and online. The company has been operating on the market since 1999, constantly expanding its sales network and the range of products offered.