Dec 11, 2023 - Tallinn

Press release: Acquisition of Commaxx completed: - ALSO further strengthens its Cloud expertise

Following approval by the relevant authorities in Denmark, Sweden and Norway, the acquisition of value-added distributor Commaxx has now been finalised.

As a specialist in IT infrastructure and cybersecurity (Cisco) and with its comprehensive experience as a Cloud Service Provider, the company is an excellent fit for ALSO's growth strategy. In particular, its technical expertise and solution competence in the areas of private, public and hybrid cloud will complement the technology provider's know-how.

The Group-wide exchange of this knowledge and the development of additional offerings both in the Nordics and in other countries will lead to an expansion of the portfolio in one of the currently fastest growing areas of IT.

Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX: ALSN): “The further development of Artificial Intelligence is leading to a sharp rise in demand for solutions, particularly in the area of cloud computing and data centres. The acquisition puts us in an even better position to support our SMB-partners in meeting these needs. In conjunction with the extended ecosystem, it is a great opportunity to increase the monetisation of Unique Users via the ALSO Cloud Marketplace.”