UAE’s IT distributor Al Masa Computer (AMC) has acquired Line Printers, controlling 90 percent of the French company, which reported $25 million in turnover last year.
According to The Gulf News, the other 10 percent will be bought over the next four years to be controlled totally by the Gulf company.
The value of the deal, said to be "significant," was not revealed.
It was finalized in Paris last week.
Line Printers, set up in 1992, also assembled PCs under its own brand. "Over the years, Line Printers built up a solid business which is a mirror image of what AMC does, it added.
This acquisition has given us a foothold in a new market in quite an easy way," deputy managing director E. Kojouri told the paper.
Kojouri said, "we will concentrate on the French IT market and look to the rest of the EU as well.
On certain products, we can even go outside. The target we have set with this takeover is quite big, but achievable."
AMC - which represents 14 IT brands including Microsoft, 3Com, US Robotics, Panasonic and Intel - recorded local sales of over Dh250 million last year – Albawaba.com
