Nino Patané launches Buffalo Technology in Italy. Agreement signed with Esprinet.
After six months from the startup of the operations in Italy, 650+ Italian resellers have already
traded Buffalo’s products. On 6th June 2007 the Japanese Company Buffalo Technology (www.buffalotech.com) has signed a distribution agreement with the leading Italian distributor Esprinet SpA (www.esprinet.com).
Esprinet (Italian Stock Exchange: PRT) is a major European
player
in the wholesale distribution of IT and consumer electronics. Esprinet is the number one distribution company in Italy and Spain (40.000 resellers served, 500+ brands).
With a consolidated sales of €2.22 billion in 2006, using its unique internet-based business model, Esprinet is mainly addressing the small-medium-enterprises market (SME).Esprinet sales rank as the distribution company No.1 in Italy and Spain, the No. 4 in Europe and No. 9 worldwide.
According to the Strategic plan 2007-2009 the Key Strategic Goals of Esprinet are:
- In the next decade aim at becoming the European leader in Technology Distribution via both reinforcing the leadership in South Europe and entering at least one other Western European Market within the next three year
- Financial Targets for the next three years:
- Consolidated sales growing up to:
- € 2.62-2.71 billion in 2007
- € 2.87-3.00 billion in 2008
- € 3.10-3.24 billion in 2009
- CAGR ’07-09: +9%
- EBIT expected in a range of
- € 89-97 million in 2007 (3.5% on sales)
- 102-111 million in 2008 (3.6% on sales)
- € 113-123 million in 2009 (3.7% on sales)
- CAGR ’07-09: +13%
- Net profit estimated up to
- € 47-52 million in 2007
- 58-64 million in 2008
- € 68-75 million in 2009
- CAGR ’07-09: +20%
- 3-year cumulated net cash flow2 in excess of € ~220 million - Esprinet considers compatible with the expected available financial resources cquisitions up to € 2.0 - 2.5 billion of sales in Western Europe with no need of a share capital increase
Buffalo Technology is a global manufacturer of innovative wireless networking, storage and multimedia solutions for the home and small business environments. The company is recognised as the Number 1 total PC peripheral manufacturer in Japan, and was the worldwide consumer NAS market leader in 2005 and 2006 (In-Stat).
For more information write to: info@trendeurope.com
PRESS RELEASE
Buffalo Technology Signs Distribution Contract with Esprinet S.p.A.
06/06/2007
Milan, 6th June - Buffalo Technology, leading global provider of innovative wireless networking, storage, multimedia and memory solutions, and Esprinet S.p.A., leading distributor of consumer IT products in Italy and Spain, announce today their commercial partnership aimed at the immediate distribution of the whole product portfolio of Buffalo Technology in Italy.
“Buffalo’s worldwide leadership is already consolidated (being the rising star of worldwide Distribution, wireless technology leader and Number One of the consumer Network Attached Storage (NAS) market), but the company’s activities in Italy started just recently. The great results achieved in the first 6 months of activity with our partners (650+ resellers) allow us to share an optimistic view about the development of our presence in this market” said Nino Patané, responsible for Italian Market Development for Buffalo Technology. “Esprinet S.p.A. fills a key position for the development of Buffalo’s channel in Italy: this distribution contract will boost our presence in this market to a new dimension.”. Buffalo Technology put their trust in Esprinet for their excellent logistics, the efficient IT infrastructure and their outstanding capability to address and support the channel through a winning mix of a highly appreciated online platform and a wide portfolio of reseller services.
“We are very proud that Buffalo selected Esprinet to support them in this strong expansion phase of their brand on the Italian market. Our interest towards Buffalo arises from the requests of our customers, asking for new, not devalued, high quality solutions with competitive pricing. Our partnership with Buffalo Technology allows us to strengthen our offer, targeting both the SME and the digital living application markets” comments Matteo Restelli, Country Manager Esprinet Italy.
Buffalo’s product portfolio includes its award-winning AirStation™ line of easy-to-use, high-performance wireless networking products for SME/SoHo and home users. With industry leading AOSS™ (AirStation One-Touch Secure System™) technology, users can simply build a secure wireless network at home or in the office at the push of a button.
The Award wining line of Storage solutions include the Network Attached Storage (NAS) - TeraStation for SME/SOHO and LnkStation for Home users ; external storage offer DriveStation for desktop solution and MiniStastion for portable solution. Also for the digital home environment, Buffalo offer LinkTheater a multimedia player.
Products on the Buffalo line can combine to offer a unique integrated WLAN, Storage and multimedia solution.
About Buffalo TechnologyBuffalo is a global manufacturer of innovative wireless networking, storage and multimedia solutions for the home and small business environments. The company is recognised as the Number 1 total PC peripheral manufacturer in Japan, and was the worldwide consumer NAS market leader in 2005 and 2006 (In-Stat).
Buffalo’s product portfolio includes its award-winning AirStation™ line of easy-to-use, high-performance wireless networking products for SME/SoHo and home users. With industry-leading AOSS™ (AirStation One-Touch Secure System) technology, users can simply build a secure wireless network at home or in the office at the push of a button.
The company’s storage solutions are addressing the needs of both the individual and the business, providing a versatile line of USB flash drives, portable and desktop hard drives and cost-effective network attached storage (NAS) solutions. Including its multimedia players, Buffalo is unique in offering integrated WLAN, storage and multimedia solutions for the digital home environment.
Buffalo’s strong international industry alliances with companies such as Intel, Broadcom™, Nintendo and Microsoft have allowed it to lead the industry in the development of the latest technologies into practical tools for the business and the home.