ALSO Holding AG
SIX : ALSN

ALSO Holding AG

June 08, 2016 08:32 ET

ALSO Opens State-Of-The-Art Logistics Center in Finland

EMMEN, SWITZERLAND--(Marketwired - June 8, 2016) -

Editors Note: There is a photo associated with this press release.

ALSO, the leading wholesaler of IT and consumer electronics in Finland, opened a new logistics center in Pirkkala. In sum, approximately 20 million euros were invested to create a fully flexible warehouse. It enables same-day delivery across the greater part of the country as well as delivery of certain product categories to Estonia.

"The e-commerce warehouse is a state-of-the-art example of efficient logistics. It enables us to fulfill our customers' requests quicker and to provide a broader service offering, strengthening and expanding our number one market position in Finland," said Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX:ALSN).

B2B customers such as Etailers benefit from innovative handling processes and flexibility. On behalf of its customers, ALSO offers to deliver directly from the warehouse all the way to their customers even in small packages.

The warehouse spans 17,000 square meters of space amounting to the size of approximately two football fields. It will consume around 50 percent less energy per square meter and operative costs will decrease by approximately 25 percent compared to ALSO's previous warehouse. 60 jobs will be transferred from the original location to the new warehouse. In its pan-European logistics network with almost 300,000 square meters ALSO processes up to 14 million packages a year of various sizes, from small USB sticks to large-format printers.

Direct link to the press release: http://www.also.com/ec/cms5/en_6000/6000/company/news-and-press-releases/news_item_2_20800.jsp

ALSO Holding AG (Emmen/Switzerland) brings providers and buyers of the ICT industry together. The company offers services at all levels of the ICT value chain from a single source. In the European B2B marketplace, ALSO bundles logistics services, financial services, supply services, solution services, digital services, and IT services together into individual service packages. ALSO's portfolio contains more than 160 000 articles from some 350 vendors. The Group has around 3 600 employees throughout Europe. In fiscal year 2015 (closing on December 31), the company generated net sales of
7.8 billion euros. The majority shareholder of ALSO Holding AG is the Droege Group, Düsseldorf, Germany. Further information is available at www.also.com.

Disclaimer

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.

To view the photo associated with this release, visit the following link: http://www.marketwire.com/library/20160608-loge-gr.jpg

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