Private investors acquire a minority stake in Tekpoint GmbH to empower its growth in the consumer electronics market.
Information on the Target
Tekpoint GmbH is an established international reseller and distributor of mobile phones and consumer electronics, headquartered in Vienna, Austria. The company operates subsidiaries in several countries, including Germany, Italy, the Czech Republic, and Poland. In 2017, Tekpoint reported consolidated sales of approximately 168 million euros, showcasing its significant presence in the consumer electronics market.
The recent acquisition involves a minority stake sale to private investors, which is anticipated to empower Tekpoint GmbH to bolster its balance sheet and foster substantial business growth. The investment will enable the company to enhance its collaboration with key suppliers, notably Xiaomi from China, further strengthening its market position.
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Industry Overview in Austria
The consumer electronics industry in Austria has seen steady growth, driven by increasing demand for mobile communications and smart devices. With a tech-savvy po
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Disclosed details
Revenue: $192M