PRESS RELEASE - 1 February 2023; Limassol, Cyprus, and Warsaw, Poland

ASBISC Enterprises PLC, a leading Value Add Distributor, developer, and provider of ICT, IoT products, solutions, and services to the markets of Europe, the Middle East, and Africa (EMEA), doubled the area of the distribution center in Prague (Czech) to 10,000 m2 and opened a distribution center in Tbilisi (Georgia) with an area of over 3,000 m2. The first center supplies Central and Eastern Europe, while the center in Tbilisi is a distribution base for the Caucasus region. 

Both distribution centers are perfectly located and provide very good facilities, thanks to which the growing ASBIS markets will be supplied in an even shorter time than before. The distribution center in Czech Republic will also meet the growing needs of space demanding products such as the latest state of the art heaters, smart kitchen and household appliances, TV sets, etc. Currently, ASBIS is focusing on the automation and robotization of new distribution facilities. 

In addition to the area of the Distribution Centers, each of the ASBIS subsidiaries has its own warehouse space, ensuring the continuity of current deliveries to customers. 

Costas Tziamalis, Deputy CEO of ASBIS Group,commented: “ASBIS is towards the preparation of its forecasts and as always we look for growth areas. Last year was exceptional due to the war in Ukraine, which excluded or limited sales on our three main markets. As a result, despite the global decline in demand, the majority of  all other ASBIS markets grew in contradiction of the global trends. The ability of the group to substitute revenues in other fast growing markets was proven robust despite the lost revenues. This year we plan to be better thus we need more warehouse space, thanks to which we can fulfill larger orders of our customers faster and more efficiently.”

For additional information, please contact:  

Iwona Mojsiuszko
8Sense Public Relations
Tel. +48 502 344 992

About ASBISc Enterprises Plc 

ASBIS Group is a leading Value Add Distributor, developer and provider of ICT, IoT products, solutions, and services to the markets of Europe, the Middle East, and Africa (EMEA) with local operations in Central and Eastern Europe, the Baltic republics, the former Soviet Union, the Middle East and North Africa. 

The business of ASBIS is based on three pillars:
1. Distribution of hardware and software for Client Computing and Data Centers, consumer electronics thru:
    a.   Retail chains and e-tailers
    b.   Resellers to small and medium business
    c.   Large enterprises.
2. Full stack in creation of world class products. From scientific research and development to design and engineering, firmware and software, production and marketing of IT and IoT products and solutions via own brands:
    a.      Aeno (small home appliances).
    b.     Canyon (smart watches, power banks, accessories for computers and mobile devices)
    c.     Cron Robotics (building own solutions in the robotics segment, including cobots).
    d.     Lorgar (accessories for gaming and streaming)
    e.     Perenio (IoT platform, IoT routers, applications and peripherals for smart office/ home, smart health).
    f.     Prestigio (smart devices and accessories, innovative solutions for business and education, etc.)
3.     Complex solutions sales projects to large enterprises via extensive networks of System Integrators and Value Add Resellers. 

ASBIS was founded in 1990, since 1995 operates from Cyprus. Company has two master distribution centers located in the Czech Republic and in the United Arab Emirates, subsidiaries in 27 countries, more than 2,200 employees and about, 20 000 active customers in 56 countries worldwide. In 2021, the Group delivered sales of close to USD 3.1 billion. 

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

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