Foxway Group has acquired ABD COMPUTER SRL, a Romanian IT hardware company, for an undisclosed amount. This acquisition marks a significant expansion for Foxway Group into the Eastern European market. ABD COMPUTER SRL, established in 1996, specializes in the sale of refurbished, renew, new, and second-hand IT products, serving both the Romanian market and increasingly, international channels.
ABD COMPUTER SRL has grown to become a notable player in the Romanian IT sector, employing over 40 individuals. The company maintains one of the largest inventories of IT products in Romania, including over 10,000 computers, 5,000 laptops, 2,000 printers, and 2,000 monitors, alongside tens of thousands of components. Its operational footprint includes an online platform, a distribution network, a physical store, and a substantial warehouse facility. While its primary focus has been the domestic market, ABD has been actively expanding its sales activities into multiple countries.
The acquisition is strategically aligned with Foxway Group's objectives to strengthen its presence in the European IT lifecycle management and circular economy sectors. By integrating ABD COMPUTER SRL, Foxway gains immediate access to a robust operational infrastructure and a significant inventory of IT hardware in Romania, a key market for growth. This move is expected to enhance Foxway's capacity for sourcing, refurbishing, and distributing IT equipment, leveraging ABD's established market position and expertise in handling a diverse range of products. The focus on refurbished and second-hand IT products also aligns with increasing demand for sustainable technology solutions.
The combined entity is poised to benefit from expanded market reach and operational efficiencies. Foxway Group will be able to offer a broader portfolio of IT products and services across a wider geographical area, particularly in Eastern Europe. This integration is anticipated to create synergies in logistics, sales, and product availability, reinforcing the group's overall market competitiveness and its commitment to providing sustainable IT solutions.