ASBIS Group takes over AVECTIS ALC and strengthens its competencies

Atlantech Ltd, a subsidiary of ASBISc Enterprises Plc, a leading distributor of IT products in the growing markets of Europe, the Middle East and Africa and producer of own brands - Prestigio, Canyon, Perenio and Atlantech, has acquired for nearly USD 574 thousand, the Belarusian company AVECTIS ALC.

AVECTIS ALC is a leading developer and a systems integrator in the Belarusian market in the field of control automation, security and other essential services for technological and infrastructure facilities.

The acquisition of AVECTIS ALC is another step towards the implementation of the ASBIS Group strategy to achieve a strong presence in the most promising IT segment - the corporate IT solutions and services.

AVECTIS ALC has a leading, stable position in the Belarusian market for the last 25 years. Some of the technology partners of the company are the largest global IT companies. The company's regular clients are enterprises operating in the following sectors: petrochemical, gas, energy, construction, mechanical engineering, banking, educational and medical institutions, as well as government agencies and organizations and large private enterprises.

Siarhei Kostevitch, CEO and Chairman of the Board of Directors ASBISc Enterprises Plc and founder of ASBIS, commented: “Following our promises to strengthen ASBIS’s business, we are implementing this acquisition, in line with our strategy towards expanding and strengthening our competencies in very promising business segments. AVECTIS brings to our structure very advanced engineering competencies, huge experience and portfolio of interesting clients. I am convinced that ASBIS services will significantly expand thanks to the expertise of the newly acquired company.”

Vladimir Karatay, CCO Solution Business in ASBISc Enterprises Plc commented: “AVECTIS ALC is one of the leading companies in its segment in the Belarusian market. It has extensive experience in the integration and automatization of management systems and an interesting portfolio of clients. As a person responsible at ASBIS for the development of this business segment, I have a strong belief  that both the current resources of specialists and the experience of this acquired company will be a huge support for our Group. ATLANTECH will gain a lot of expertise and will be able to fulfill its strategy faster”.

For additional information, please contact:  

Iwona Mojsiuszko

8Sense Public Relations

Tel. +48 502 344 992

E-mail iwona.mojsiuszko@8sensepr.pl  

About ASBISc Enterprises Plc

^{ASBISc Enterprises Plc is one of the leading distributors of IT industry products in the emerging markets of Europe, the Middle East and Africa (EMEA): Central and Eastern Europe, the Baltic republics, the former Soviet Union, the Middle East and North Africa, combining a wide range geographical operations with a wide portfolio of products distributed in the "one-stop-shop" model.}

^{ASBISc Enterprises Plc is based in Cyprus and specializes in the distribution of computer hardware and software, mobile solutions, IT components and peripherals, and a wide range of IT products and digital equipment. The Company was established in 1990 and currently selling to 60 countries worldwide.}

^{The Group distributes products of many vendors, and manufactures and sells own brands products: Prestigio (smartphones, tablets, external storage, leather-coated USB accessories, GPS devices, Car-DVRs, Multi-boards etc.), Canyon (MP3 players, networking products and other peripheral devices), Perenio („IoT”) and Atlantech (servers, data storage, data center solutions).}

^{ASBIS has subsidiaries in 26 countries, about 1,470 employees and about 30,000 customers. In 2018, sales reached almost USD 2.1 billion.}

^{The Company’s stock has been listed on the Warsaw Stock Exchange since October 2007 under the ticker symbol “ASB” (ASBIS).}

^{For more information, also visit the Company’s website at www.asbis.com}