Spain: Danish broadliner and sparepart specialist EET Europarts continues its acquisition spree with another prey, cabling and connectivity specialist Import Cable. The cost of the acquisition has not been unveiled. The distributor will be integrated into EET Europart's Spanish branch, headed by Miguel Cervera Andersen. Import Cable is based in Madrid and has 20 years of experience in the computer connectivity market. The company is a trusted supplier for installers of information technology throughout Spain. As official distributor of major brands Import Cable has continually added new high quality products to meet the needs of its customers, keeping in stock more than 4000 products, in cables, racks and connectivity devices for immediate delivery. The acquisition is part of EET Europarts' ambitious growth strategy counting more than 30 successful acquisitions over the past 20 years, clearly demonstrating the group's ability to create significant synergies from mergers.
"Acquisitions are an important part of our growth strategy, and a contributing factor to our successful expansion in recent years. We have the experience and know-how to carry out integration of different organizations and human teams effectively and successfully, and always with the clear target of providing our customers with an even better product portfolio, and a stronger organization to support the customers in whatever needs they may have. We will continue our expansion strategy, and we keep our doors open to new companies who are interested in joining our group. Currently we are in contact with several potential candidates", says John Thomas, CEO at EET Group.
Javier Rodriguez Gonzalez, Director of Import Cable says: "We are very pleased to become part of an ambitious and successful company like EET Europarts. We look forward to bringing our long-time experience and competences within the computer connectivity business together with the focused IT teams at EET Europarts, and being able to offer our customers the advantages of EET Europarts' e-trade platform and its state-of-the-art logistics set-up. Seeing how efficiently EET Europarts has been growing their Server, Computer and Printer Parts business, I feel very confident, and look forward to create mutual synergies to our joint business going forward."
VisioStore acquired by EET Europarts
Finland: Danish broadliner and sparepart specialist EET Europarts has further strengthened its AV offer through the acquisition of VisioStore, a Finland-based Pro AV & digital signage specialist, which represents the third acquisition by EET Europarts in the last two months. VisioStore, which will be merged into EET Europarts local business, specializes in electronic presentation technology, and the employees are highly skilled and experienced AV professionals. The business includes distribution agreements with wellknown AV manufacturers and brands like: NEC Display, Optoma, Casio, Infocus, Lumens, PTN Electronics and CleverTouch, and also other innovative and new AV brands. The clientele includes IT retail companies as well as AV system integrators, and the products are sold to corporate and educational institutions.
"We are very pleased to become part of an ambitious and successful company like EET Europarts. We look forward to bringing our long-time experience and competences within the AV business together with the focused Pro-AV teams at EET Europarts, and being able to offer our customers the advantages of EET Europarts' e-trade platform and its state-of-the-art logistics set-up", says Asko Sinisalo, Managing Director at VisioStore Oy. "VisioStore has until now been concentrating on distribution mainly in Finland and partly in the Baltic region. With the acquisition we will be able to bring our many value propositions within the Pro-AV business also to EET Europarts' professional AV customers all over Europe."
Commenting on the acquisition, CEO John Thomas, EET Group says: "This is an important acquisition for us; VisioStore is an interesting company that operates with a lot of important AV brands in professional businesses very similar to our own. And like us they also have a strong focus on quality specialist service, based on a real understanding of the professional customer's needs. VisioStore is EET Europarts' third Pro AV & Digital Signage acquisition within the last two months, underlining our strategic focus on the Pro-AV & Digital Signage business."
Norway: Danish sparepart specialist and broadliner EET Europarts has acquired for an undisclosed amount AV specialist Lys & AV-Teknikk. The acquisition is part of EET Europarts' ambitious growth strategy including more than 30 successful acquisitions over the past 20 years.
CEO Finn Kvalheim, Lys & AV-Teknikk, is very pleased with the acquisition and says: "For strategic reasons Lys & AV-Teknikk needs to become part of a larger group, and I am very glad to have found the perfectly right new owner for the company which we have build up over many years. Seeing how well EET Europarts has succeeded in the Pro AV & Digital Signage business, I feel confident that we have made the right choice. EET Europarts has a unique and highly efficient distribution model, and in combination with the competences and strong product and sales knowledge from our staff, I am sure we will evolve and grow significantly within EET Europarts."
EET Europarts has in recent years developed its Pro AV & Digital Signage business substantial, based on partly organic growth and partly on acquisitions. Today the company is one of the largest Scandinavian Pro AV & Digital Signage distributors with well-known brands like NEC, Benq, SMS, Grandview, OneLan, Polycom and many others.
"Acquisitions are an important part of our strategy, and a contributing factor to our successful growth strategy for the Pro AV & Digital Signage business in recent years. With the acquisition of Lys & AV-Teknikk we will add new competences as well as additional well-known brands to our comprehensive product portfolio, and at the same time bring even more highly skilled employees into our organization", says CEO John Thomas, EET Group. "We will continue our expansion strategy, and we keep our doors open to new companies who are interested in joining our group. Currently we are in contact with several potential candidates."
Broadliner and sparepart specialist EET Group, the parent company of all EET Europarts sales entities (currently in Austria, Belgium, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hungary, Ireland, Italy,the Netherlands, Norway, Poland, Romania, Russia, South Africa, Spain, Sweden, Switzerland, Ukraine and the United Kingdom), was acquired by FSN Capital in April 2015. Since then a close cooperation with management has led to defining the primary strategic objectives, that will support the realisation of the company's long term potential. In order to support these objectives, FSN has conducted an exhaustive search for members who could further strengthen the board's breadth of talent and background. The result is the announcement of four new board members, who will bring qualifications, expertise and energy to the table, to achieve the ambitious growth plans in tight cooperation with the management. The new Board has been constituted at first meeting, and the Board of Directors now consists of:
FSN Capital is represented on the Board by Partner Thomas Broe-Andersen and Principal Lars Denkov.
Denmark: besides providing comprehensive warehousing and value-added logistics services for all its own EET Europarts sales entities worldwide, Danish broadliner and sparepart specialist EET Group has also evolved into the de facto expert among logistics service providers, providing scalable Logistical Service solutions to related business partners as well as to independent companies. The EET Group logistics division makes a difference throughout the entire logistics service chain: from international inventory management to distribution, and from technical logistics services to high-end transport and service logistics. EET Logistics continuously develops tools and processes that enables the customers to meet even the highest demands in the market, handling everything, from start to finish. The newly installed AutoStore system is a part of EET Group´s ambitious strategy for developing the EET Logistics division.
The AutoStore system
AutoStore is simply an aluminum Grid that provides the storage space for the goods. The size and form of the Grid only depend on the warehouse around it and ensure optimal space usage. The goods are stored in thousands of plastic Bins inside the Grid.
Robots are the real workforce of the AutoStore system. They move tirelessly on rails on top of the Grid hoisting up Bins, moving them for further processing and then placing them back into the Grid.
When goods from the bottom of the Grid are requested the Robots will work together to dig their way to the target Bin. To speed up future requests the Robots continuously optimize the storage position of goods inside the Grid, placing often requested Bins on the higher levels.
Ports are the interface between the storage area and the warehouse staff. It is here that the Bins leave the Grid for further processing. The Robots continuously feed the Ports with new Bins, ensuring that the operators do not have to wait between consequent orders.
The manufacturer of Autostore is the Norwegian company Hatteland and the integrator is Element Logic AS.
Increased efficiency and reduced costs
"AutoStore's Robots are powered by rechargeable batteries and operate autonomously on top of the Grid. Each Robot features a lift that allows it to pick and place Bins in the Grid," explains Tom Kjærulf, Group Logistics Director at EET Group. "The Robots receive their orders wirelessly from the control system, sending them to and from the Ports and ordering them to recharge whenever needed."
The AutoStore system configured for EET Group consists of the Grid with 83,500 compartments in 43,500 Bins. The Bins are stacked in 12 layers. 32 Robots and 8 Ports handles the Bins. The system can store around 800,000 units.
"The investment in AutoStore will lead to much higher efficiency and significant cost reductions," says Tom Kjærulf. "Besides from optimized warehouse utilization and increased capacity, the most obvious benefit we gain, is that our employees work more efficiently and with less physical strain than traditional picking. I expect we will increase the warehouse capacity with 40%, when all products suitable for the Bins are moved to Autostore."
Tom Kjærulf continues: "We have chosen a very scalable solution. If we in the future need more capacity, we will just expand the size of the Grid. If we need more speed, we can add more Robots and/or Ports."
The initial investment in IT-systems and integration between EET Group´s ERP-system and Autostore, has already been made.
"Another thing worth mentioning is the delivery accuracy. We already have a very high delivery accuracy of 99.95%, however we might even be able to improve here as well. And last, but not least, there is of course the significantly reduced power consumption, as we must not forget. The Autostore system consumes less power than the light above the Grid, since the Robots do not need light when moving around. And as an environmentally conscious company, such considerations are of great importance to us."
"When we signed the contract with Element Logic we planned to prepare, install and launch the Autostore within 100 days – and so we did. As agreed, we handled the first orders on 18th of January 2016," adds the very satisfied Group Logistics Director.
EET Europarts (Pty) Ltd
EET Europarts (Pty) Ltd
General manager :
Mr Clive Maher
Creation year : 2000
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