October 19, 2018

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CMS Distribution sales exceed US$600m in 2017

Storit Limited, the holding company of CMS Distribution, boosted sales 38% in calendar 2017 to hit US$606.5m with pre-tax profits up 40% year-on-year at US$23.5m – a pre-tax profit margin of 3.9%. Frank Salmon, founder and CEO of Storit, said: “In February 2017, we were delighted to welcome TNS Connect into the Group. The TNS team are experts in emerging consumer technologies with an impressive portfolio of vendors and customers stretching worldwide. This acquisition has allowed CMS to expand into the Asia Pacific region as we continue our global growth trajectory.” Read full story

by Stuart Wilson, Thursday 10 May 2018

Krusell appoints Alström as Nordics manager

Accessories brand Krusell has appointed Sara Alström as country manager Nordics. Alström comes from a position as Nordic account manager accessories at Brightstar and has a background at Strax as sales manager for Nordics & Baltics. Stefan Kedling, global sales director at Krusell, said: “We’re very proud to have a highly competent person like Sara joining our team in Sweden.” Read full story

by Stuart Wilson, Wednesday 9 May 2018

Alexander Kataev, General Manager, Lenovo Russia, to deliver GameChanger keynote at DISTREE Russia

DISTREE Russia has confirmed that Lenovo will deliver a GameChanger keynote presentation at this year’s 15th anniversary event, which takes place in Moscow on May 30th to June 1st, 2018. Alexander Kataev, General Manager, Lenovo Russia, will deliver the keynote presentation entitled: ‘Market Growth Drivers for PCs & Laptops’. Kataev will present the key trends that Lenovo is focusing on in both the consumer and commercial PC segments. Lenovo’s GameChanger presentation will highlight the categories and segments channel partners need to focus on to drive future business success. Read full story

by Stuart Wilson, Wednesday 9 May 2018

Smart toy revenues to hit US$18 billion in 2023

A new report from Juniper Research claims that smart yoys will represent an US$18 billion hardware and software market by 2023, up from an estimated $6 billion in 2018. This increase will primarily be driven by the growing popularity of smartphone‑connected toys and related in-app purchases, which are projected to grow by 69% annually over the next five years. Read full story

by Stuart Wilson, Tuesday 8 May 2018

DNS President Dmitry Alexeev confirmed to deliver GameChanger keynote at DISTREE Russia 2018

DISTREE Russia has confirmed that leading retailer DNS will deliver a GameChanger keynote presentation at this year’s 15th anniversary event, which takes place in Moscow on May 30th to June 1st, 2018. Dmitry Alexeev, President, DNS Group of Companies, will deliver the keynote presentation entitled: ‘Does the Digital Channel have a Future?’ The presentation will cover the evolution of digital channels in Russia, exploring possible scenarios for future development, assessing the risks and opportunities for future business development. Read full story

by Stuart Wilson, Thursday 3 May 2018

Jays Group acquires Krusell

Audio and accessories brand Jays Group is buying Krusell for an initial purchase price of US$51.4m with an earnout that will pay half of EBITDA based on performance in 2018 and 2019. Jays Group will, after the integration of the Krusell group of companies, have annual sales in excess of US$170m. The initial purchase price consists of US$13.6m cash, US$4.5m as a promissory note and US$33.3m as a share issue to the sellers. The share price will be decided at the end of May and the sellers will be subject to a three-year lock-up period. Read full story

by Stuart Wilson, Thursday 3 May 2018

iBRIT signs retail agreement with Carrefour UAE

iBRIT has announced a regional retail agreement with leading Middle East consumer tech retailer Carrefour. The agreement sees hypermarket chain Carrefour stock iBRIT smartphones and paves the way for further expansion and increased market share for the vendor. iBRIT is a premium smart devices brand that develops innovative products which are elegantly designed with the latest technology and superior components. iBRIT is incorporated in London, UK, and has its sales and marketing headquarters in Dubai, supported by regional offices in Shenzhen and Istanbul. Read full story

by Stuart Wilson, Wednesday 2 May 2018

Egeria acquires Trust

Dutch investment company Egeria has acquired digital lifestyle accessories brand Trust for an undisclosed sum. Egeria focuses on medium-sized Dutch companies and companies with a Dutch connection. Egeria’s investments target healthy companies with an enterprise value between €50m (US$60m) and €350m (US$419m). Trust was founded by Michel Perridon in 1983 and has become a leading producer of consumer electronics. Read full story

by Stuart Wilson, Tuesday 1 May 2018

Sberbank and Yandex complete joint venture deal

Sberbank and Yandex have completed the formation of a joint venture based on the Yandex.Market platform in Russia. The companies intend to combine the technological capabilities of Yandex and the infrastructure and technologies of Sberbank to develop a leading B2C e-commerce ecosystem. The joint venture is valued at approximately US$1 billion and the two partners will own equal stakes in the company. Read full story

by Stuart Wilson, Tuesday 1 May 2018

Arrow Electronics adds Tenable rights across EMEA

Arrow Electronics has announced an EMEA distribution agreement with Tenable to distribute the company’s cybersecurity products. In 2017, Tenable launched Tenable.io, the first cyber exposure platform to provide visibility into any asset on any computing platform, including public cloud environments, and purpose-built applications for vulnerability management, container security and web application scanning. Read full story

by Stuart Wilson, Tuesday 1 May 2018

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