18.03.2020 – ALSO Holding AG

Consequences of Corona: ALSO takes action

ALSO Holding AG / Key word(s): Miscellaneous
Consequences of Corona: ALSO takes action

18.03.2020 / 11:30



     Media release
Consequences of Corona: ALSO takes action

As already announced on March 16, ALSO offers its resellers swift and
unbureaucratic support. "The service was received with a keen interest and
has already resulted in a number of discussions and actions. On top of
covering short-term liquidity problems, the company provides especially
small businesses the opportunity of competent and individual information
regarding local support measures" explains Gustavo Möller-Hergt, CEO of ALSO
Holding. A lot of European countries are now offering various kinds of state
support, which are meant to absorb the effects of the corona virus. The
measures range from government loans or tax-based liquidity support to
flexible short-time work arrangements.

Via the central mail address support4corona@also.com ALSO gladly puts
resellers in contact with experts, who will be able to explain the different
options and can advise on application procedures. This information service
is free of charge for the ALSO resellers. Should an in-depth legal
counselling be necessary, ALSO can recommend local lawyers, who will then be
tasked by the reseller directly.

Direct link to media release: https://www2.also.com/press/20200318en.pdf

Contact person ALSO Holding AG:
Manuela Rost-Hein
Head of Communications ALSO Group
Phone: +49 151 14040215
E-Mail: manuela.rost-hein@also.com

ALSO Holding AG (ALSN.SW) (Emmen/Switzerland) brings providers and buyers of
the ICT industry together. ALSO offer more than 660 vendors of hardware,
software and IT-services access to over 110 000 buyers, who can call a broad
spectrum of other customized services in the logistics, finance, and IT
services sectors, as well as traditional distribution services. From the
development of complex IT landscapes, the provision and maintenance of
hardware and software, right through to the return, reconditioning and
remarketing of IT hardware, ALSO offers all services as a one-stop shop.
ALSO is represented in 23 European countries and generates total net sales
of approximately 10.7 billion euros with around 4 000 employees in the
fiscal year 2019. The principal shareholder of ALSO Holding AG is the Droege
Group, Düsseldorf, Germany. Further information is available at

Droege Group
Droege Group (founded in 1988) is an independent advisory and investment
company under full family ownership. The company acts as a specialist for
tailor-made transformation programs aiming to enhance corporate value.
Droege Group combines its corporate family-run structure and capital
strength into a family- equity business model. The group carries out direct
investments with its own equity in corporate spin-offs and medium-sized
companies in «special situations». With the guiding principle «execution -
following the rules of art», the group is a pioneer in execution-oriented
corporate development. Droege Group follows a focused investment strategy
based on current megatrends (knowledge, connectivity, prevention,
demography, specialization, future work, shopping 4.0). Enthusiasm for
quality, innovation and speed determines the company's actions. In recent
years Droege Group has successfully positioned itself in domestic and
international markets and operates in 30 countries. More information:

This press release contains forward-looking statements which are based on
current assumptions and forecasts of the ALSO management. Known and unknown
risks, uncertainties, and other factors could lead to material differences
between the forward-looking statements made here and the actual development,
in particular the results, financial situation, and performance of our
Group. The Group accepts no responsibility for updating these
forward-looking statements or adapting them to future events or