|Emmen, Switzerland, 16 March 2020
Consequences of corona virus
ALSO helps customers
|We have been following the latest developments ever since the corona virus began to spread and are successfully working on a wide range of measures to safeguard the supply chain and personal safety of employees, customers and partners. Meetings are held digitally whenever possible and many of our employees have for some time been instructed to work from their home office.
ALSO will help customers who have short-term liquidity bottlenecks as a result of the consequences of the corona virus. "All resellers will be analysed continuously across the Group with the aid of the business intelligence we have introduced on a long-term basis in order to support them proactively. That is how we have a very clear and precise view of the company's loyal customers who are structurally healthy but now run the risk of getting into difficulty due to the consequences of the corona virus. You will receive swift and unbureaucratic support from ALSO," Gustavo Möller-Hergt, CEO of ALSO Holding AG, announced.
Subject to sales volume and level we are offering to extend payment targets for resellers who are affected. For this purpose ALSO Holding and its country companies are making a double-digit million amount of additional liquidity available. The company will also respond flexibly to the individual reseller's situation where credit lines are concerned. Implementation will be at short notice, with measures initially in place until the end of April. But the company will continue beyond then to assist and advise SMB resellers with problems as they occur. Please address your queries in this connection to firstname.lastname@example.org
ALSO will do all that it can to protect its customers, partners and employees. The entire team is pitching in to lend a helping hand at this difficult time. We will shortly be publishing details of further specific measures.
Direct link to media release: https://www2.also.com/press/20200316en.pdf
Contact person ALSO Holding AG:
Head of Communications ALSO Group
Phone: +49 151 14040215
ALSO Holding AG (ALSN.SW) (Emmen/Switzerland) brings providers and buyers of the ICT industry together. ALSO offer more than 660 vendors of hardware, software and IT-services access to over 110 000 buyers, who can call a broad spectrum of other customized services in the logistics, finance, and IT services sectors, as well as traditional distribution services. From the development of complex IT landscapes, the provision and maintenance of hardware and software, right through to the return, reconditioning and remarketing of IT hardware, ALSO offers all services as a one-stop shop. ALSO is represented in 23 European countries and generates total net sales of approximately 10.7 billion euros with around 4 000 employees in the fiscal year 2019. The principal shareholder of ALSO Holding AG is the Droege Group, Düsseldorf, Germany. Further information is available at https://also.com
Droege Group (founded in 1988) is an independent advisory and investment company under full family ownership. The company acts as a specialist for tailor-made transformation programs aiming to enhance corporate value. Droege Group combines its corporate family-run structure and capital strength into a family- equity business model. The group carries out direct investments with its own equity in corporate spin-offs and medium-sized companies in «special situations». With the guiding principle «execution - following the rules of art», the group is a pioneer in execution-oriented corporate development. Droege Group follows a focused investment strategy based on current megatrends (knowledge, connectivity, prevention, demography, specialization, future work, shopping 4.0). Enthusiasm for quality, innovation and speed determines the company's actions. In recent years Droege Group has successfully positioned itself in domestic and international markets and operates in 30 countries. More information: https://droege-group.com
This press release contains forward-looking statements which are based on current assumptions and forecasts of the ALSO management. Known and unknown risks, uncertainties, and other factors could lead to material differences between the forward-looking statements made here and the actual development, in particular the results, financial situation, and performance of our Group. The Group accepts no responsibility for updating these forward-looking statements or adapting them to future events or developments.