FSN Capital has signed an agreement to acquire EET Europarts from Alipes AB. EET Europarts is the leading online European provider of parts, accessories and products within the technology and digital space.The company targets the BTB segment with a wide range of leading brands such as HP, Lexmark and IBM as well as an extensive portfolio of private label products.
Founded in 1986, EET Europarts has developed from a Nordic focused IT-distributor into a leading online Pan-European provider of parts, accessories and products within the technology and digital space, with approx. 500 employees across 31 sales offices in 27 countries. Combining acquisitive growth with market share gains and entry into new segments and geographies, EET Europarts has delivered 13 consecutive years of EBITA growth. For further information please visit http://www.eetgroup.com
“FSN has been impressed by the development of EET Europarts and we are thrilled to now have the opportunity to actively support the company over the coming years. We see a lot of potential in the business and we look forward to working closely with management in realising the company's long term potential” says Thomas Broe-Andersen, Partner at FSN Capital.
CEO of EET Europarts, John Thomas, says: "I look forward to continue the journey in close cooperation with FSN Capital. FSN has a strong track record of making long term value creating investments, and will be a valuable partner in growing the company further".
Deloitte Corporate Finance and Accura acted as advisors to FSN Capital in connection with the transaction. The transaction is subject to regulatory approvals from the competition authorities.