Acquisition of leading Value Add Distributor Commaxx: ALSO further expands expertise in Cloud

Acquisition of leading Value Add Distributor Commaxx:
ALSO further expands expertise in Cloud

With the acquisition ALSO strengthens its Solutions- and expands its Cloud-business, extends its software vendor portfolio, and increases its customer breadth on System Integrators (SI) and Value Added Resellers (VARs).

The company, founded in 1992 and headquartered in Oslo, is also present in Denmark and Sweden. Geir-Rune Dyrseth, Chairman of Commaxx Group: “Starting out as a very technically oriented company, we have a comprehensive knowledge of IT infrastructure and processes. With the transformation of the industry, we have developed a strong expertise in solutions that cover private, public and hybrid cloud. I strongly believe that our experience combined with ALSO’s ecosystem will create a win-win situation for both sides and most importantly: add value for all our customers.”

As an expert for Citrix-based applications, there is significant potential to expand this offer across the ALSO Group. The company’s business model ensures a majority of its turnover is recurring, driven by renewals, hosting, and Managed Service Provider (MSP)/Cloud Service Provider (CSP) offerings. The alignment with the Technology Provider’s growth strategy and emphasis on periodic revenue streams makes it an ideal partner for the company's expansion plans. The transaction is still subject to the standard regulatory approvals.

Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX: ALSN), explains: “This acquisition is another significant step in the expansion our Cloud services. The additional portfolio of software vendors enhances ALSO's ecosystem and the ability to provide comprehensive and cutting-edge solutions across the Group. The competent, experienced team joining us brings valuable expertise and strengthens our European presence.”

Contact ALSO Holding AG:
Beate Flamm
SVP Sustainable Change
E-mail: beate.flamm@also.com

ALSO Holding AG (ALSN.SW) (Emmen/Switzerland) is one of the leading technology providers for the ICT industry, currently active in 30 countries in Europe and in a total of 144 countries worldwide via partners. Through our webshop and the cloud, we offer around 120,000 potential resellers access to products and services from more than 700 manufacturers in over 1450 product categories. Cloud offerings range from the provisioning of As-a-Service-based IT to digital platforms like IoT, AI, virtualisation, and cybersecurity. ALSO experts support channel partners in the development of hybrid IT solutions. In the spirit of the circular economy, the company provides all services from provision to refurbishment from a single source. The main shareholder is the Droege Group, Düsseldorf, Germany. For more information visit: https://also.com.

Droege Group (founded in 1988) is an independent advisory and investment company under full family ownership. The company acts as a specialist for tailor-made transformation programs aiming to enhance corporate value. Droege Group combines its corporate family-run structure and capital strength into a family equity business model. The group invests its own equity in “special opportunities” with a focus on medium sized companies and spin-offs as well as strategically in buy & build transactions. With the guiding principle “execution - following the rules of art”, the group is a pioneer in execution-oriented corporate development. Droege Group follows a focused investment strategy based on long-term oriented megatrends. Enthusiasm for quality, innovation and speed determines the company’s actions. In recent years Droege Group has successfully positioned itself in domestic and international markets and operates in 30 countries. For more information, visit: https://droege-group.com.