Actebis takes final steps to sealing deal with Swiss Also

Simon Quicke

Merger discussions between Actebis and Swiss distributor Also have completed and the tie-up between the two distributors should be given shareholder backing next month.

The two European distribution players announced plans to discuss a merger back in August and have got the green light from the EU last month and have reach the stage where an extraordinary meeting of the Also shareholders on 8 February should rubber stamp the deal.

As a result of a tie-up it leaves Europe with a tier of large distributors, including Avnet and Actebis, that can sell across the territory as well as the numerous smaller players operating in specific countries.

The new company will be called Also-Actebis and will have revenue of around 10m CHF.

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