Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  CYPRUS STOCK EXCHANGE  >  Logicom Public Ltd    LOG   CY0005051111

LOGICOM PUBLIC LTD

(LOG)
  Report
SummaryNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Logicom Public : Lenovo DCG partners with Logicom

share with twitter share with LinkedIn share with facebook
07/03/2020 | 03:49am EDT

Dubai, UAE - 25th June 2020: Lenovo Data Centre Group (DCG), a technology leader in Intelligent Transformation, today announced a strategic partnership with Logicom Distribution. An arm of Logicom Group, the firm specializes in the distribution of technology products and services and will now distribute Lenovo DCG's portfolio of hard and software products and services across the Middle East.

Under the new distribution agreement, which marks one of Lenovo's largest announcements in the Middle East since Lenovo's acquisition of IBM's x86 server business, Lenovo DCG has enhanced its presence across the region while Logicom has expanded its portfolio of leading technology companies.

'Lenovo is uniquely positioned to help our business partners, and customers meet diverse requirements in the enterprise market. Through smarter data centre solutions and our open ecosystem of partnerships with leading IT providers, Lenovo DCG is able to provide robust, reliable and personalised solutions for any business requirement. The partnership marks us entering a new phase of expansion in which we will be leveraging Lenovo DCG's wide offering and link it to Logicom's strong foothold in the region to support our customers' digital transformation journey. Joining forces will drive value and incremental growth for our customers, which remains our top priority. We are very excited about the partnership and are looking forward to entering a productive, long-term relationship with Logicom,' said Dr. Chris Cooper, General Manager of Lenovo DCG.

'Entering this partnership with Lenovo DCG is an important step in growing our portfolio of partners that offer the world's most innovative and advanced technology products and services. Lenovo DCG's will be a great addition to our constantly growing distribution platform. We are looking forward to a fruitful and long-term relationship with our partners,' Spiros Rafailovits, General Manager UAE & Gulf at Logicom Distribution, said.

As a leading technology company, Lenovo will be able to enhance its physical presence in 16 countries from sales to office spaces and inventories, while contributing to different market economies and maintaining a strong competitive advantage.

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$50 billion Fortune Global 500 company, with 63,000 employees and operating in 180 markets around the world. Focused on a bold vision to deliver smarter technology for all, we are developing world-changing technologies that create a more inclusive, trustworthy and sustainable digital society. By designing, engineering and building the world's most complete portfolio of smart devices and infrastructure, we are also leading an Intelligent Transformation - to create better experiences and opportunities for millions of customers around the world. To find out more visit https://www.lenovo.com, follow us on: LinkedIn, Facebook, Twitter, YouTube, Instagram, Weibo and read about the latest news via our StoryHub.

Disclaimer

Logicom Public Ltd. published this content on 01 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 July 2020 06:48:00 UTC


share with twitter share with LinkedIn share with facebook
All news about LOGICOM PUBLIC LTD
08/12LOGICOM PUBLIC LTD : Ex-dividend day for final dividend
FA
07/03LOGICOM PUBLIC : Lenovo DCG partners with Logicom
PU
06/27LOGICOM PUBLIC : Autodesk Webinar on BIM 360 Design Software Collaboration
PU
03/05LOGICOM PUBLIC : KSA hosts an Autodesk Channel FY21 Planning Event
PU
2019LOGICOM PUBLIC : Hosts 1st CSR Stakeholder Engagement Event
PU
2019LOGICOM PUBLIC : BSides Cyprus event
PU
2019LOGICOM PUBLIC : Romania appoints new management team
PU
2019LOGICOM PUBLIC : Interview of Mr. Chrysostomos Kridiotis at Economy Today
PU
2019LOGICOM PUBLIC LTD : Ex-dividend day for final dividend
FA
2018LOGICOM PUBLIC : Solutions Presents the 6th Cyprus Banking Forum
PU
More news
Financials
Sales 2019 947 M 1 118 M 1 118 M
Net income 2019 58,7 M 69,3 M 69,3 M
Net Debt 2019 131 M 155 M 155 M
P/E ratio 2019 1,62x
Yield 2019 3,91%
Capitalization 76,3 M 90,2 M 90,1 M
EV / Sales 2018 0,26x
EV / Sales 2019 0,24x
Nbr of Employees 785
Free-Float 38,2%
Income Statement Evolution
Managers
NameTitle
Varnavas Irinarchos Executive Vice Chairman & Managing Director
Adamos K. Adamides Chairman
Anthoulis Papachristoforou Chief Financial Officer & Executive Director
Christakis Klerides Independent Non-Executive Director
Nicos Michaelas Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
LOGICOM PUBLIC LTD90
DELL TECHNOLOGIES INC.32.67%50 911
HP INC.-6.96%26 261
GOERTEK INC.120.03%20 387
LOGITECH INTERNATIONAL S.A.72.33%14 367
SEAGATE TECHNOLOGY PLC-14.72%13 091