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First step in Nordic expansion Dustin acquires Danish Computerstore A/S

First step in Nordic expansion Dustin acquires Danish Computerstore A/S

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<b>Dustin Group AB, Sweden’s largest web and catalog-based retailer of all IT-related products, has&nbsp;acquired&nbsp;the Danish company Computerstore A/S. The transaction is the first step in Dustin’s Nordic&nbsp;expansion.&nbsp;Computerstore A/S has 91 employees and has sales of SEK 475 M.</b>

Dustin is a&nbsp;supplier-independent retailer of all IT-related products, that is, equipment, software and services. The&nbsp;company was formed in Stockholm in 1984. In the past ten years, the company has gone from sales of SEK 200 M&nbsp;and 20 employees to estimated sales in this year of SEK 3 billion and 230 employees. Since August 2006, the&nbsp;main owner is the private equity company Altor.&nbsp;

”The acquisition of Computerstore A/S is the first step in creating a strong Nordic operation,” says Per Eriksson,&nbsp;Chairman of the Board of Dustin Group AB. ”Dustin shall be the leading player in the consolidation of the Nordic&nbsp;market. The strategy is to grow both organically and through acquisitions. After Denmark, the company’s sights are&nbsp;set on Norway and Finland. In five years, we will have sales of SEK 12 billion and be the leading player in the&nbsp;Nordic region.” &nbsp;

Computerstore A/S currently offers IT products for small and medium-sized companies and to the public sector.&nbsp;The company was formed in the beginning of the 1990s and reported sales of SEK 475 M for the 2006/2007 fiscal&nbsp;year. The greater part of Computerstore A/S is owned by its President and founder Lars Bräuner, with a smaller&nbsp;part owned by the employees. &nbsp;

”The acquisition by Dustin will have many positive effects for the Danish operation. When the integration is&nbsp;complete, our customers will gain access to an even broader range and a unique logistics solution with safer and&nbsp;considerably faster deliveries. Our employees will be part of the rapidly growing company, which will result in the&nbsp;creation of new development opportunities, for example,” says Lars Bräuner, President of Computerstore A/S.&nbsp;

Lars Bräuner will remain in his position as President of Computerstore A/S Danmark and will be included as a&nbsp;member of Dustin Group’s Nordic management. In conjunction with the transaction, Lars Bräuner will become a&nbsp;part owner in Dustin Group AB. &nbsp;

Dustin is specialized in the delivery of an extensive range of IT equipment, software and services, primarily to&nbsp;companies. Sales are conducted via the Internet, telephone and catalogs and through relationship selling. &nbsp;Dustin’s purchasing model and logistics solution focus on a high degree of delivery precision. Customers receive&nbsp;rapid and easy access to the products and solutions they need – when they are needed. The company’s&nbsp;distribution center with 65,000 items provides cost-efficient access to the latest and best technology. &nbsp;

”Computerstore A/S and Dustin are well suited, both industrially and culturally. Computerstore A/S offers leadingedge expertise within relationship selling and provides Dustin with a strong presence in Denmark. Through this&nbsp;transaction, we jointly create the conditions for a continued expansion in the Danish market,” says Per Eriksson at&nbsp;Dustin. &nbsp;

Payment for the acquisition of Computerstore A/S will be in cash and shares in Dustin Group AB. &nbsp;

Dustin’s acquisition of Computerstore A/S will be the second with Altor as the main owners. &nbsp;

<b>For further information, contact:&nbsp;
</b>Per Eriksson, Chairman of the Board Dustin, Group AB, tel. +46-70-249 07 42&nbsp;
Lars Bräuner, President, Computerstore A/S, tel. +45-24 24 32 00&nbsp;

For images, visit www.dustin.se and search under company and press images.&nbsp;

<b>About Dustin&nbsp;
</b>Dustin was founded in 1984 and is Sweden’s and soon to be the Nordic region’s largest web and catalog-based&nbsp;retailer of all IT-related products, that is, IT equipment, accessories, software and services, primarily to companies.&nbsp;Dustin estimates that sales will total slightly more than SEK 3 billion in 2007. The company has about 230&nbsp;employees. Dustin is distinguished by a high growth rate and profitability. Since August 2006, the private equity&nbsp;company Altor is the main owner. For further information, see www.dustin.se and www.altor.seAbout

<b>Computerstore A/S&nbsp;
</b>Computerstore A/S was founded in the beginning of the 1990s and is one of Denmark’ leading suppliers of IT&nbsp;products. The operation is based on relationship selling and rapid deliveries to customers throughout Denmark. &nbsp;Computerstore A/S has 91 employees and had sales of SEK 475 M for the 2006/2007 fiscal year. Sales have&nbsp;grown by approximately 20 percent per year in the most recent four-year period. For further information, see&nbsp;www.computerstore.dk

Pressreleasen kommer från: Newsdesk

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