Redington (India), country's leading distributor of electronics and computer-related products, peripherals and a supply chain solutions provider, is scouting for acquisitions in Africa and West Asia. This will help the company to become a global distributing major, according to sources.
Further according to sources, the company has zeroed in on a Turkish-based company Arena Bilgisayar. It may acquire at least two companies going forward. Africa, Middle East regions throw huge opportunities for Redington.
It has raised around $98 million from Investcorp way back in 2008 and the same will be utilised for acquisitions. These markets offer good opportunities to spend and will enable the company to improve its business manifold. It may be recalled that Investcorp, an asset management firm and Redington Gulf, the leading distributor and service provider of IT and telecom products in the Middle East and Africa, have entered into an agreement in October 2008 wherein the latter will make a $98m investment in Redington Gulf and become a significant minority shareholder of the company.
crackcrack| Company Name | CMP |
|---|---|
| Redington | 222.80 |
| Adani Enterprises | 2505.65 |
| Amrapali Industries | 18.21 |
| Rashi Peripheral | 530.50 |
| PDS | 300.95 |
| View more.. | |
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