COBALT advises ALSO Group in acquiring GNT Holding


2006 - 11 - 15

ALSO Group, which is active in wholesale and logistics services for information and communication technology products (ICT) as well as consumer electronics, has completed the acquisition of 50.1% stake in GNT Holding Oy, the largest independent ICT distributor in the Nordic & Baltic region. As a result of transaction ALSO Group has become the fourth largest ICT distributor in Europe with estimated net sales of EUR 3.2 billion.

COBALT was involved in the transaction advising ALSO Group on Latvian law aspects and performing due diligence investigation of GNT Latvia SIA, the ICT market leader in Latvia.