April 23, 2019

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Russian smart home market to hit US$2.3 billion by 2023

Market research from Statista has highlighted the huge growth opportunities in the Russian smart home segment. Sales in the smart home market are forecast to hit US$609m in 2019, with an annual growth rate of 40.4% driving the overall market value to US$2.37 billion per annum by 2023. Household penetration of smart home solutions stands at just 2.8% in 2019, but is projected to climb to 10.7% by 2023. Read full story

by Stuart Wilson, Tuesday 19 March 2019

Turtle Beach to buy Roccat

NASDAQ-quoted gaming headset and audio accessories brand Turtle Beach has announced an agreement to buy Roccat – a German PC peripherals brand offering gaming mice, keyboards and other accessories. Turtle Beach will pay US$14.8m cash for Roccat, plus up to US$3.4m in earnout payments. Roccat is expected to boost Turtle Beach’s sales by more than US$30m in 2020. Read full story

by Stuart Wilson, Friday 15 March 2019

M.Video-Eldorado targets 1100 stores by 2022

Russia-based retail colossus M.Video-Eldorado has reported pro-forma group sales for calendar 2018 of US$6.44 billion – up 17.7% year-on-year. The company’s online sales grew 31% in 2018 to hit US$1.18 billion. M.Video-Eldorado is Russia’s largest consumer electronics (CE) retailer by revenues, according to the company. M.Video-Eldorado ended 2018 with 941 stores in its network with plans to operate a total of 1,100 stores by the end of 2022. Read full story

by Stuart Wilson, Thursday 14 March 2019

Russian tech market expands 16.6% in 2018

Research house GfK’s most recent TEMAX analysis of the ICT, telecoms and consumer electronics market in Russia indicates that the total market value hit US$8.2 billion in the fourth quarter of 2018 – up 16.3% year-on-year. The positive market development continued as consumers found attractive offers in retail and accelerated purchase decisions ahead of VAT changes planned for 2019. Total sales in Russia for calendar 2018 hit US$25.8 billion – up 16.6% year-on-year Read full story

by Stuart Wilson, Wednesday 13 March 2019

Port Designs adds Syntech as distributor

Cases, bags, accessories and covers brand Port Designs has appointed South Africa-based Syntech as a distribution partner. Syntech will sell Port Designs’ product portfolio to its channel customer base. Ryan Martyn, co-founder at Syntech, said: “This key partnership will harness Syntech’s existing strengths and reseller channels to deliver the perfect Port Designs product to the right South African markets.” Read full story

by Stuart Wilson, Wednesday 6 March 2019

DISTREE EMEA 2019 drives channel collaboration

The 17th annual DISTREE Europe, Middle East & Africa (EMEA) consumer tech regional channel event took place last week in Monaco. More than one hundred tech brands were represented at the event, holding pre-scheduled one-on-one meetings with senior executives and buyers from the region’s leading distributors, retailers, e-tailers and channel partners. DISTREE EMEA 2019 took place at the Fairmont Hotel, running from February 19th to 22nd. Read full story

by Stuart Wilson, Thursday 28 February 2019

DISTREE EMEA 2019 Diamond Award winners confirmed

The global DISTREE Diamonds award series for consumer technology brands continued at DISTREE Europe, Middle East & Africa (EMEA) 2019 earlier this month. The recipients of DISTREE Diamond Awards were determined by live voting from distributors, retailers and channel partners during the Gala Dinner at this year’s DISTREE EMEA consumer tech channel hosted buyer event in Monaco from February 19th to 22nd. Read full story

by Stuart Wilson, Thursday 28 February 2019

CTRONIQ supplies Amer Services

Consumer electronics and technology device brand CTRONIQ has formed an agreement to supply Amer Services with a range of hardware products for use in its service centres in Dubai, UAE. Amer Services is positioned as an operator of accessible service centres for UAE residents wishing to access a range of government-related services, including visa-related services, ID services and employee sponsorship transfer applications. Read full story

by Stuart Wilson, Tuesday 26 February 2019

DISTREE EMEA 2019 gets underway in Monaco

The 17th annual DISTREE Europe, Middle East & Africa (EMEA) hosted buyer channel event starts today in Monaco. Hundreds of consumer tech, IT and consumer electronics (CE) brands are participating at this year’s event, holding pre-scheduled one-on-one meetings with senior executives and buyers from the region’s leading distributors, retailers and channel partners. DISTREE EMEA 2019 takes place at the Fairmont Hotel, running from February 19th to 22nd. Read full story

by Stuart Wilson, Tuesday 19 February 2019

Channel M&A expert confirmed for DISTREE EMEA

Next week’s DISTREE Europe, Middle East & Africa (EMEA) hosted buyer channel event brings together vendors, distributors and retailers from across the region for three days of one-on-one meetings and networking opportunities. Expert speakers and analysts also attend the event to meet with delegates. Pradip Somaia, Partner at M&A advisory specialists Regent Partners LLP, will be available at DISTREE EMEA for one-on-one meetings with delegates interested in learning more about the latest merger and acquisition (M&A) trends. Read full story

by Stuart Wilson, Friday 15 February 2019

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