ABC Data acquires 81.3% stake in S4E

IT hardware distributor ABC Data will buy an 81.3 percent stake in S4E, paying between PLN 19.8 million and PLN 25.4 million, depending on fulfillment of business targets set in the investment agreement, the company informed. The acquisition should enable ABC Data to increase its VAD segment revenues to PLN 1.5 billion in 2018, the firm indicated. ABC Data Capital Group is a leading IT hardware distributor in Central and Eastern Europe with direct business operations in Poland, the Czech Republic, Slovakia, Romania, Lithuania, Latvia, Estonia and Hungary. It has been listed on the WSE since 2010.