Aurdel Sweden AB, a subsidiary of DistIT AB (publ) ("DistIT") has today entered into a conditional agreement for the sale of 100 percent of the shares in the Lithuanian subsidiary Deltaco Baltic UAB to ELKO Grupa AS (ELKO Group), a leading IT and CE distributor in Nordics and Central Eastern Europe, headquartered in Riga, Latvia.
The sale price is Euro 3 million and the transaction is subject to a final Sale- and Purchase Agreement (SPA), 2024 audited financials and customary regulatory approvals.
Deltaco Baltic UAB is a distributor of mainly large and small scale appliances (MDA and SDA) as well as accessories for PCs, laptops, mobile phones and tablets, headquartered in Kaunas, Lithuania. The products are mostly sold to other retailers in the B2B market and to a number of retail chains in the Baltic countries. Deltaco Baltic's sales in 2023 amounted to Euro 13,7 million, which corresponded to approximately 7 percent of the DistIT Group's total sales.
As part of the transaction, a distribution agreement will be established between Aurdel Sweden AB and Deltaco Baltic UAB for continued sales of Deltaco’ s accessories.
About ELKO Group
The ELKO Group is one of the region's largest distributors of IT and consumer electronics products and solutions, representing 350 IT manufacturers. The company provides a wide range of products and services to more than 10 000 retailers, local computer manufacturers, system integrators and enterprises within various sectors in 13 countries in Europe. www.elkogroup.com