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LITHUANIA'S ACME COMPUTER COMPONENTS BUYS ARMENIA'S MAXTRONIC - DAILY
Baltic News Service
October 17, 2011 Monday 6:27 AM EET
VILNIUS, Oct 17, BNS - Lithuania's computer component wholesaler
Acme Computer Components (ACC) has purchased Armenia's networking
equipment wholesaler Maxtronic for an undisclosed amount of money,
the business daily Verslo Zinios reported on Monday.
By expanding its product range, ACC expects to turn Maxtronic, which
has until now only represented the Taiwanese networking equipment
provider D-Link in Armenia, into the Caucasian country's largest
computer equipment wholesaler in two to three years' time, it wrote.
ACC Director Regimantas Buozius said that the company, which started
its business in the Baltic countries, Georgia, Belarus and the Russian
exclave of Kaliningrad "from scratch", decided to acquire an operating
wholesaler in Armenia to make things faster.
"Our previous experience in the Caucasus shows that an acquisition is
a faster way of creating sales channels and working with new suppliers
than starting a brand new business," Buozius said.
"Also, the situation in the Caucasus and neighboring regions is
similar to what we hade in the first half of the past decade, when
companies had both wholesale and retail operations. In Armenia, we
found a company that had only wholesale operations. Besides, Maxtronic
itself was looking for a buyer. So we decided that it would be faster
for us to develop additional products on the existing structure and
base (around 200 customers)," he said.
ACC posted 270 million litas (EUR 78.26 mln) in consolidated revenues
for the three quarters of this year. It is targeting annual revenue
growth of 35 percent, to 430 million litas, this year and of up to
20 percent next year.
Baltic News Service
October 17, 2011 Monday 6:27 AM EET
VILNIUS, Oct 17, BNS - Lithuania's computer component wholesaler
Acme Computer Components (ACC) has purchased Armenia's networking
equipment wholesaler Maxtronic for an undisclosed amount of money,
the business daily Verslo Zinios reported on Monday.
By expanding its product range, ACC expects to turn Maxtronic, which
has until now only represented the Taiwanese networking equipment
provider D-Link in Armenia, into the Caucasian country's largest
computer equipment wholesaler in two to three years' time, it wrote.
ACC Director Regimantas Buozius said that the company, which started
its business in the Baltic countries, Georgia, Belarus and the Russian
exclave of Kaliningrad "from scratch", decided to acquire an operating
wholesaler in Armenia to make things faster.
"Our previous experience in the Caucasus shows that an acquisition is
a faster way of creating sales channels and working with new suppliers
than starting a brand new business," Buozius said.
"Also, the situation in the Caucasus and neighboring regions is
similar to what we hade in the first half of the past decade, when
companies had both wholesale and retail operations. In Armenia, we
found a company that had only wholesale operations. Besides, Maxtronic
itself was looking for a buyer. So we decided that it would be faster
for us to develop additional products on the existing structure and
base (around 200 customers)," he said.
ACC posted 270 million litas (EUR 78.26 mln) in consolidated revenues
for the three quarters of this year. It is targeting annual revenue
growth of 35 percent, to 430 million litas, this year and of up to
20 percent next year.