Maxdata buys electronics retailer

German consolidation

Maxdata, the PC and monitor maker, is moving into consumer electronics retailing in its German homeland with the acquisition of Yakumo, of Braunschweig. Yakumo's 51 staffaccount for a turnover of €146m.

In a statement announcing the takeover, the company also slipped out a Q3 trading statement, with reduced losses of €5.8m. It attributes the improvement to restructuring, which began in the Spring. But it thinks it might not make its forecast of €600m and losses of €25m for the full year. ®