Feeds

Karmas combine into single $1bn business

There can be only one...

  • alert
  • submit to reddit

The essential guide to IT transformation

Fourteen Karma businesses have come together to create a $1 billion company in a joint MBO. The group of distributors, which includes Karma UK, signed the agreement to become Karma Group last weekend. The company now comprises Karma businesses in the following countries: Germany, Austria, Switzerland, the Netherlands, Belgium, Portugal, Italy, the Czech Republic, Russia, Greece, Turkey, Dubai, Singapore and the UK. The company will be based in Switzerland, with its central administration in Istanbul and logistical support in the Netherlands. The group's executive board will be led by Gottfried Hackbarth. Patrick Matzinger will head up buying and operations. Consolidated sales would be around $1 billion for 1999, the company said. Karma was started in 1990, and was bought by CHS Electronics in 1997. After CHS ran into trouble earlier this year, the management of Karma UK, headed by MD Andy Chandler, bought the company from receivers BDO Stoy Hayward. Chandler said he was "thrilled" with the announcement. ®

Build a business case: developing custom apps

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
XBOX One will learn to play media from USB and DLNA sources
Hang on? Aren't those file formats you hardly ever see outside torrents?
Class war! Wikipedia's workers revolt again
Bourgeois paper-shufflers have 'suspended democracy', sniff unpaid proles
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.