Sale of Resolute ISMS Oy to Dustin Group
Dustin Group has acquired Resolute ISMS Oy. Through this acquisition, Dustin will further strengthen its position in the Finnish market and its offering throughout the Nordic region. Resolute will be integrated into Dustin’s Finnish operation, Businessforum.
Resolute, which was founded in 2010, is one of Finland’s leading suppliers of network solutions, with a considerable majority of customers in the public sector. The company offers complete solutions that include everything from hardware, through the largest manufacturers, to configuration, design and support of network solutions. In 2014, Resolute had sales of EUR 12 M (growth +48 %), with a good level of profitability. Dustin acquires Resolute, from the current management, which will remain active in the company.
”We see three significant market trends. The online shift, by which an increasingly large share of purchasing is migrating to the net, stronger growth in the small and medium-size enterprises segment compared with the market in general and an increased demand for more advanced services and products,” says Georgi Ganev, CEO of Dustin. “The acquisition of Resolute strengthens our position in more advanced services and products by adding new competence to the entire Group. In addition, we are reinforcing our position in Finland and creating the conditions for growth with new customers and a broader offering in all of our markets.”
”As part of Dustin, we will have the possibility to reach new customers and together, we can continue to develop and strengthen our offering. Dustin’s strong position in the Nordic region and broad offering of products with associated services and solutions suits us well and will help us to successfully serve our customers in the future,” says Kari Vähämäki, CEO of Resolute
Resolute will continue to operate under its own name until further notice and the integration into Businessforum will commence immediately. The purchase price consideration, consisting of initial consideration and additional consideration based on future financial result, will not be made public. The acquisition is estimated to have a marginally effect on Dustin’s earnings per share during the current financial year.
Dustin Group
Dustin Group is one of the leading Nordic resellers of IT products and additional services to companies, the public sector and private individuals. Having its core business within e-commerce, Dustin functions as a bridge between the manufacturer’s large selection and the customer’s needs where Dustin’s employees help customers find the right solution for their needs. Dustin Group is a one-stop-shop that offers approximately 200,000 products with associated services, functions and solutions. The operation is conducted in Sweden, Denmark, Norway and Finland.
Sales during the 2013/14 financial year amounted to approximately SEK 7.4 billion, while the group employed more than 900 persons. About 90 per cent of Dustin’s income derives from the corporate market with a focus on small and medium companies. Dustin Group is listed on Nasdaq Stockholm since 2015.