Doro AB streamlines DACH business structure with strategic divestment
As previously communicated Doro has been in the process of restructuring its German business. Doro is now finalizing the divestment of its German subsidiary /distribution and fulfilment business, IVS Industrievertretung Schweiger GmbH ("IVS GmbH"), to its Irish distribution partner Fónua, through the parent company Corstrom Ltd.
Restructuring for Growth
This strategic move is part of Doro's ongoing efforts to streamline and enhance its operations in the DACH region. By spinning off the distribution and fulfilment business, Doro will be able to increase the focus on sales and marketing activities performed through its other German subsidiary, Doro Deutschland GmbH.
Partnership with Fónua
Fónua is Doro’s leading distribution partner in Ireland. Fónua's expertise and established relationships with major mobile device manufacturers and operators will enhance IVS GmbH’s capabilities in the German market.
The preliminary purchase price amounts to EUR 1.9 million and will be paid in cash. Closing is expected to take place end of June.