ThinkSmart signs Italy distribution deal

Perth-based office equipment financing company ThinkSmart is set to bolster its Italian operation, signing a two-year distribution deal with retailer Computer Discount.

Computer Discount has over 200 stores throughout Italy, and is part of the Borsa Italiana listed CDC Point SpA group, a producer and distributor of information technology products.

ThinkSmart already has distribution capability in Italy through UniEuro, part of the DSG International Group and funding arrangements with Santander Consumer Bank SpA.

"Our focus in Europe is to expand our relationships with market leading retailers to position our business for future growth on the European retail recovery," said ThinkSmart's executive chairman Ned Montarello.

"Computer Discount has a strong reputation in computer retailing, especially at the business to business end, and our agreement will significantly increase our footprint across Italy."