Extensive Restructuring Measures Realized – Littlebit Technology Group Acquires German IT Distributor ActionIT
As of 1 July 2017, Littlebit Technology Group (“LITTLEBIT”), a Swiss industrial group, has acquired the operating business of German ActionIT through an asset deal.
ActionIT is one of the leading German IT distributors with a turnover of EUR 220m in 2015. Saxenhammer & Co. approached potential investors in Europe, the US and Asia within the scope of an elaborated investor process for the company. Against various other bidders, the asset purchase approach of LITTLEBIT prevailed.
From its subsidiaries in Zug (Switzerland), Frankfurt (Germany), Vienna (Austria) and Utrecht (Netherlands), acquirer LITTLEBIT serves the entire German-speaking area and the Benelux countries as an IT Distributor. The company represents and markets well-known manufacturers of IT components and peripheral products. In 2016 LITTLEBIT generated a turn-over of approx. CH 360m.
LITTLEBIT has acquired the operating business of ActionIT through an asset deal, with the newly-founded ActionIT Distribution GmbH as acquisition vehicle. The entire operating staff of ActionIT will be taken over by ActionIT Distribution GmbH and will continue to assist customers and suppliers with any questions they may have. All logistics operations will be handled from the LITTLEBIT facility in Frankfurt.