ActionIT is one of the leading German IT distributors with a turnover of EUR 220m in 2015. In 2016, the company, which had operated successfully over many years, suffered an acute liquidity crisis ‑ due to legal disputes, etc. – and was forced to file for insolvency.
Since his appointment as preliminary insolvency administrator attorney-at-law Yorck Streitboerger (Bielefeld) was able to continue the business operations of ActionIT, with the aim of achieving a sustainable restructuring of the company. At the same time, potential investors in Europe, the US and Asia were approached by Saxenhammer & Co. Corporate Finance GmbH (Berlin) within the scope of an elaborated investor process. Against various other bidders, the asset purchase approach of LITTLEBIT prevailed. The creditors’ committee appointed by the insolvency court has already approved the transaction.
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.