ASBIS speeds up and opens subsidiaries in more countries

ASBISC Enterprises PLC (WSE: ASB), a leading Value Add Distributor, developer, and provider of ICT, IoT products, Robotic solutions, and services to the markets of Europe, the Middle East, and Africa (EMEA), opened its subsidiaries in six more countries, thanks to which the Group will develop even faster in these regions. These are the following countries: Armenia, Georgia, Azerbaijan, Moldova, Morocco and South Africa. In the last of these countries, the Group has already opened a distribution center that supplies all of South and Central Africa region. ASBIS currently manages 34 subsidiaries that successfully operate in their countries. 

Costas Tziamalis, Deputy CEO of ASBIS Group, commented:“ ASBIS is very consistently strengthening its position in selected countries. For a long time, we have been focusing on Caucasus countries, which is why we decided to be even more involved in selected regions, which we believe have high growth potential. ASBIS is the largest market player in most of its countries of operation, the establishment of subsidiaries will result in our even faster development in these countries, and thus a larger scale of operations of the entire Group.”