West Perth-based office equipment financing company ThinkSmart Ltd has announced the extension of its PC World and PC City contracts in UK and Europe to the end of 2013.
West Perth-based office equipment financing company ThinkSmart Ltd has announced the extension of its PC World and PC City contracts in UK and Europe to the end of 2013.
Last month, ThinkSmart commenced trading in Italy, as part of an expansion strategy adding to its operations in the UK and Spain with DSG International.
The company focuses on the delivery of B2B finance products through the retail environment and, in the 2007 financial year, Think Smart's European business represented 59% of volume contribution.
The company hopes to begin trading in France this year and has plans for further European and North American growth.
The company announcement is pasted below:
ThinkSmart Limited today announced it has extended its agreements with PC World and PC City, the computer retail trading divisions of DSG International, one of Europe's leading specialist electrical retailing groups.
The agreements with PC World and PC City have both been extended through to 31 December 2013, effectively extending the existing five-year contracts by more than two years.
"This extension, our third, is a fantastic endorsement of the synergies between our two businesses and effectively extends our relationship over a ten-year period," said ThinkSmart founder and Chief Executive Officer, Ned Montarello.
"The increasing focus for the PC World group on delivering complete computing solutions to its customers is continuing to elevate our service within their stores as it very much provides the financial glue for the small business customer to get all the technology equipment they need.
"Together we are continuing to look at opportunities to extend our product across the group and we reaffirm our appetite to add further territories annually to our current European footprint".
ThinkSmart currently trades with DSG through its 160 PC World stores in the United Kingdom, 36 PC City stores in Spain and 16 PC City stores in Italy where ThinkSmart launched last month.
DSG international plc is one of Europe's leading specialist electrical retailing groups.
It operates a multi-channel approach to electrical retailing and trades through more than 1,300 retail and online stores, spanning 28 countries and employing nearly 40,000 people.
More than 100 million customers shop in-store and online with DSGi every year.
DSGi's retail and e-tail brands include PC World, Currys and Dixons.co.uk in the UK and Ireland, Elkjop in the Nordic countries, UniEuro in Italy, Kotsovolos in Greece, Electro World in central Europe, Greece and Turkey, PC City in Spain, Italy and Sweden, and Pixmania.com across Europe.
The UK and Spain represented 59% of sales volumes for ThinkSmart in FY 2007.
