ASBIS opens subsidiaries in six more countries

07:00 - 26 July 2023

Technology

Limassol-based ASBISc Enterprises Plc, 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), announced that it has opened subsidiaries in six more countries, “thanks to which the Group will develop even faster in these regions”.

The new locations are Armenia, Georgia, Azerbaijan, Moldova, Morocco and South Africa. In the latter, the Group has already opened a distribution centre that supplies the entire 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.”

ASBIS opens subsidiaries in six more countries

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