dabs.com buys French reseller
dabs.com is dipping its toes overseas with the cash purchase of SOS Developers, a French B2B software reseller.
The online PC retailer will pay up to €8m, funded out of its cash resources, for the reseller, but there's an unspecified, both in time and amount, earn-out element. According to dabs.com, SOS Developers turns over €15m, sells online and offline, has 30 full-time employees and is profitable.
Daniel Levy, MD and former owner, is to continue running the French business "throughout the forthcoming period of integration with the dabs.com model".
dabs.com says the acquisition forms the first step in building a pan-European business. ®