Press release -
EET Europarts acquires CashPOS Systems AS
EET Europarts continues its expansion with the acquisition of the Norwegian company CashPOS Systems AS.
EET Europarts has in recent years built up a strong position within the POS & Auto ID business area, partly on the basis of acquisitions and partly through the formation of strategic distribution agreements with a number of leading brands and companies in the field.
"We have made great progress in our POS & Auto ID business in recent years, both in expansion of the product range and with the addition of many new brands," says CEO John Thomas, EET Group. "With the acquisition of CashPOS Systems AS, we are strengthening our market position and taking another step towards achieving our goal of becoming one of the leading POS and Auto ID distributors in the European market latest by 2020."
CashPOS Systems AS was founded in 2004 and has specialized in the sale of products and solutions for the POS (Point of Sales) market.
Daily manager Runar Solberg says about the acquisition: "CashPOS has, for strategic reasons, had the need to be part of a larger company, with structured business systems, greater flexibility and the ability to deliver quality at every level. And we have assessed that EET Europarts is the perfect match for us. EET Europarts has had tremendous success in developing its distribution in a number of new business areas, including POS and Auto ID, and we look forward to being part of a company that has both a strong product range, a highly competent sales organization and also a unique and efficient distribution setup."
About CashPOS Systems AS
CashPOS Systems AS is a value-added distributor within the POS & Auto ID segment. This means that we distribute products and solutions in marking, data capture and POS equipment. Marking is normally with thermal and thermal transfer printers. Data capture is barcode scanners, mobile computers, RFID, magnetic card readers and screens with and without tapping function. We also specialize in POS equipment as receipt printers, customer displays, monitors, keyboards, cash drawers and supplies.
Our products are aimed at different segments such as: stores/chains, warehouses, healthcare, transportation/logistics and industry in general.
About EET Group
EET Group is Europe's leading distributor within: Server, Computer & Printer parts, Storage & Network, Mobile Parts & Accessories, Home Entertainment & Lifestyle Electronics, Surveillance & Security, Professional AV & Digital Signage, Point of Sale & Auto ID and Logistical Services.
EET Group was founded in 1986, and is today represented with 31 sales offices in 27 countries across Europe and Africa under the commercial name EET Europarts.
EET Group represents a wide range of leading brands including: HP, Lexmark, IBM, Canon, Epson, Acer, Lenovo, Axis, Synology, IQeye, Samsung, Ernitec, Sony, Milestone, Sling Media, B&O PLAY, MicroBattery, MicroMemory, MicroLamp, MicroStorage, MicroConnect, MicroScreen, Hitachi, Western Digital, eSTUFF, Clint, Podspeakers, Sandberg, Garmin, Kensington, Loewe and many more.
EET Group is situated in Birkerød just north of Copenhagen and is the parent company of all EET Europarts sales entities. As such, EET Group is the backbone of the organisation and provides all back office functions within: Corporate Management, Finance, Marketing, IT, WEB- and ERP-development, Logistics, Product Management and Procurement.
The group employs more than 500 employees, serves more than 42,000 dealers and handles more than 900,000 deliveries per year.