Selectium Bulgaria acquires Hewlett-Packard Bulgaria
Bulgaria’s competition regulator said that it has granted approval to Selectium Bulgaria to acquire assets and operations from Hewlett-Packard Bulgaria (HP Bulgaria), reports SeeNews.
The two companies operate on different segments of the market and the acquisition is not expected to affect competition, the Commission for Protection of Competition said in its decision published on Wednesday.
According to the decision, Selectium Bulgaria will take over HP Bulgaria’s current hardware support contracts, and will acquire control over part of the company’s noncurrent assets, including hardware, machinery, office equipment, motor vehicles, etc.
In August, the Midis Group said that is has signed a strategic agreement with Hewlett Packard Enterprise (HPE) to manage and operate HPE´s local market presence within Bulgaria, Croatia, Serbia, Kenya, Nigeria and Morocco, through its local Selectium affiliates. The deal was anticipated to take effect on November 1.
Midis Group, which includes over 150 IT companies worldwide, generated revenue in excess of $4 billion (3.5 billion euro) in 2017.