ALSO has prepared a PPA following its acquisition of Westcoast
After acquiring Westcoast Ltd., ALSO Holding AG has become Europe’s largest technology provider. Following this transaction, a purchase price allocation (PPA) was prepared for accounting purposes.
ALSO is a leading technology provider that operates as a B2B marketplace, offering services in information and communications technology (ICT) and related industries. Its portfolio spans supply, solutions and services, covering hardware, software, IT services and cloud-based offerings. The company connects more than 120,000 resellers with over 700 vendors, enabling digital transformation through efficient distribution, value-added services and innovative solutions such as cybersecurity, cloud platforms and IoT. ALSO is headquartered in Switzerland and listed on the SIX Swiss Exchange.
Westcoast is a major technology distributor founded in 1984, supplying IT products such as servers, storage and software to businesses and the education sector in the UK and across Europe. Based in Theale, UK, Westcoast distributes leading brands including HP, Dell and Apple to a wide network of resellers and retailers.
Oaklins’ team in Switzerland advised ALSO during the post-transaction phase and prepared a PPA report in accordance with IFRS 3. The report detailed the allocation of the consideration paid to all identifiable assets acquired and liabilities assumed.
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