INFORM LYKOS ROMANIA acquires Business Activity of STAR STORAGE


INFORM ROMANIA (a Subsidiary of INFORM GREECE) announces, that has successfully concluded a Business Transfer Agreement (BTA) with STAR STORAGE. The transfer is effective as of the 1st of April 2019.

The STAR STORAGE Business, that is transferred, is involved in Output Management Outsourcing (OMO Business) including both Digital printing and distribution. The transaction involves transfer of customer contracts, know how, employees and equipment that are currently supporting this line of business.

The purchase price for the transfer of the OMO Business amounts to € 2.5 million. This business is expected to contribute to the Group with turnover approximately of € 4 million on an annualized basis.

Manolis Kontos, Managing Director of INFORM ROMANIA, stated “we are delighted that we have concluded in this BTA agreement since it will enable us to expand our reach to a new client base, giving us the ability to provide additional products and services which are complementary to the services provided to them up to now by STAR STORAGE. We look forward in incorporating this new client base and becoming their trusted Partner for the future developments”.

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