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Maxdata buys electronics retailer

German consolidation

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Maxdata, the PC and monitor maker, is moving into consumer electronics retailing in its German homeland with the acquisition of Yakumo, of Braunschweig. Yakumo's 51 staffaccount for a turnover of €146m.

In a statement announcing the takeover, the company also slipped out a Q3 trading statement, with reduced losses of €5.8m. It attributes the improvement to restructuring, which began in the Spring. But it thinks it might not make its forecast of €600m and losses of €25m for the full year. ®

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