Dec 22, 2023 - Tallinn

Press release:

With end-user spending over 12 billion euros in 2021, the Czech and Slovakian ICT industry is one of the largest and most dynamic in Eastern Europe. ALSO has acquired three companies in this market: SWS a.s., an IT ecosystem provider for the Czech Republic, SWS International, an IT ecosystem provider for Slovakia, and Entec, a Value Added Distributor in the Czech Republic.

With this acquisition, which is subject to customary closing conditions, the Technology Provider will offer all its business models in the region.

“This strategic move will position us as a leader in a very strong market. Leveraging the extensive SMB customer base, there are enormous growth opportunities in both the transactional and consumptional area. At the same time, we are enabling a broad transfer of knowledge within the region and beyond,” states Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX: ALSN).