ALSO further expands its service business with existing customers

Emmen, Switzerland, March 7, 2017

ALSO and Media Markt are expanding their cooperation in Switzerland. Beyond support for the online store, ALSO will take over Media Markt's main warehouse in the middle of 2017 to service its retail stores across the country. 

"This order is another milestone in our long-term partnership. We are making a key contribution to our partner's omni-channel strategy and are making lasting improvements to customer value. In the course of this cooperation, we are further expanding our service business," said Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX: ALSN).

"We are delighted to deepen our long-standing cooperation with ALSO. As we re-orient our supply chain, ALSO is the ideal partner to assume responsibilities for Media Markt's main warehouse and logistics services," said Karsten Sommer, CEO / CPO of the Media Markt Group Switzerland.

In the future, ALSO will manage procurement and distribution processes for Media Markt. The Swiss logistics service provider ALSO has been Media Markt Group Switzerland's exclusive e-commerce partner since November 2011 and is responsible for all logistics processes for the retailer's online store from the management of interfaces to product returns.

Direct link to the press release: http://www.also.com/goto/20170307en 

Contact person: 
Brunswick Group GmbH
Dr. Marc Langendorf
Tel: +49 89 80 99 02 517
Email: [email protected] 

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 188 000 articles from some 500 vendors. The Group has around 3 520 employees throughout Europe (annual average 2016). In fiscal year 2016 (closing on December 31), the company generated net sales of 8.0 billion euros. The majority shareholder of ALSO Holding AG is the Droege Group, Düsseldorf, Germany. Further information is available at http://www.also.com

Droege Group
(Major shareholder)
Droege Group (founded in 1988) is an independent consulting and investment company under full family ownership. The company acts as a specialist for tailor-made restructuring 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 own equity in corporate subsidiaries and medium-sized companies in "special situations". The motto of "The Art of Implementation" has made the group a pioneer of hands-on implementation-oriented corporate development. Droege Group demonstrates its implementation excellence daily within its own portfolio. The entrepreneurially platforms of the Droege Group are aligned to current megatrends (knowledge, connectivity, prevention, demography, shopping 4.0, future work). Enthusiasm for quality, innovation and speed determines our actions. In this way Droege Group has successfully gained a position in domestic and international markets and operates in 30 countries. 
More information: http://www.droege-group.com

Media Markt has been present in Switzerland for 21 years and is the most popular company in the Swiss electronics market, according to the latest representative survey conducted by the Zurich-based market research company Marketagent.com. Today, Media Markt Group Switzerland has a total of 27 retail stores in various parts of the country as well as an outstanding online shop. Media Markt employs over 1 250 people in Switzerland. More information: http://www.mediamarkt.ch 

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.