Redington the distribution behemoth recently announced that its subsidiary in Turkey, Arena Bilgisayar Sanayi ve Ticaret Anonim Sirketi, Turkey (Arena) has acquired 47.78% shares of Adeo Bilisim Danismanlik Hizmetleri San. Ve Tic. A. S. (ADEO).
Adeo is a leading IT services company in Turkey and provides consultancy, outsourcing, productive resource utilisation and training services in Turkey and abroad, to the companies and their partners operating in IT business.
According to a statement issued by the company to the stock exchange BSE in India, Arena has also planned to make further investments of upto USD 150,000 in ADEO during the month, to increase its holding to 51% and make it as a subsidiary Company.
Redington is in the forefront of IT distribution business that spans across South Asia, Middle East, Turkey and African continent. It is the largest IT distributor in Middle East Africa region with a strong presence in more than 23 markets and is associated with over 50 IT and telecom brands and reaches the market through nearly 10000 channel partners.
