UAB “Sominis technology” was nominated as fastest growing company
In national “Gazelė 2016” contest UAB “Sominis technology” was awarded with one of the fastest growing company in Lithuania certificate.
Vladimiro Ivanovo (VŽ) nuotrauka
DistIT AB has entered into a share purchase agreement for acquisition of an 80% stake in UAB “Sominis Technology”
DistIT AB has entered into a share purchase agreement for acquisition of an 80% stake in Sominis Technology UAB, a leading distributor of PC, laptop, smartphone and tablet accessories and parts, headquartered in Vilnius, Lithuania.
“Approximately 80% of Sominis Technology’s sales are in Europe, and we believe that the potential for growth is good. Sominis Technology’s products complement DistIT’s offer, and Sominis will maintain the organization’s profile and name in line with DistIT’s mission,” says Siamak Alian, CEO of DistIT.
“We have an ambitious expansion plan for the coming years and believe that DistIT’s infrastructure, skills and knowledge in the IT distribution business will help us to develop Sominis as a strong partner for our customers and suppliers,” says Mindaugas Apanavičius, CEO of Sominis Technology.
DistIT has completed the acquisition of Sominis Technology UAB
Siamak Alian, Managing DistIT says – “DistIT proceeding with the model to make acquisitions and to develop the company together with the management of target companies. DistIT believes that this model reduces the chance of acquisitions and provides a clear incentive for management while DistIT as industrial owner can create opportunities for synergies. Sominis will operate as an independent sister company to DistITs other subsidiaries Aurora, SweDeltaco and Septon with the utilization of synergies through some coordination of the assortment and logistics. ”