Asesoft Distribution rebrands as Network One Distribution, plans regional expansion

Romanian IT&C company Asesoft Distribution rebrands as Network One Distribution with a plan to reposition itself as an international player.

The company has elaborated a Regional Development Plan that will see the expansion of the company on various markets in Central and Eastern Europe.

The targeted countries are Bulgaria, Croatia, Macedonia, the Moldova Republic, Montenegro, Serbia and Hungary, by 2014.

 The focal point of the development plan is the operational efficiency of the business, corroborated with the expansion of offers offered to local and international partners, from the adaptation of offer to various needs manifested by business partners and even offering viable financing instruments.

Network One Distribution has already started its activity in the Moldova Republic and in 2012 it will also access markets in Bulgaria and Hungary.

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 The entity will post a turnover of EUR 180 million this year, which represents a 24 percent growth compared to last year. It also decreased its operational costs by 0.8 percent and invested EUR 1.5 million into logistic optimization. The operational profit of the company will reach EUR 6 million this year, the same as last year.

Network One Distribution has a share of 20.5 percent on the electro-IT distribution market estimated at EUR 880 million.

In 2012, the company is estimated to post a turnover of EUR 200 million.

“This evolution is in line with the growth of the market of electro-IT products that will total EUR 970 million, on the wave of sales of notebook and mobile handsets,” said Stanciu.

Network One Distribution now has 150 employees and is controlled by Iulian Stanciu and Sebastian Ghita.

Network One Distribution targets obtaining EUR 4 million revenues from external markets next year, which will be The Moldova Republic, Hungary and Bulgaria. In 2013, the company foresees it will obtain revenues of EUR 22 million only on external markets.

In picture: Razvan Ziemba, general manager of Network One Distribution
Otilia Haraga