# Joint venture itsoos acquires German electrical wholesaler Hardy Schmitz

The Dutch joint venture itsoos, formed by itsme and Koninklijke Oosterberg, is acquiring German electrical wholesaler Hardy Schmitz, which has five locations and expected annual revenue of EUR 150 million.

- Type: Acquisition
- Announced: 2021-02-03
- Where: Rheine, Germany
- Status: announced
- Products: electrotechnical wholesale
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [itsoos](https://endata.com/companies/53021.md) (acquirer)
- [itsme](https://endata.com/companies/53022.md) (partner)
- [Koninklijke Oosterberg](https://endata.com/companies/53023.md) (partner)
- [Hardy Schmitz](https://endata.com/companies/53024.md) (target)

## Sources

- [at-aandrijftechniek.nl](https://www.at-aandrijftechniek.nl/nieuws/nederlandse-joint-venture-neemt-duitse-technische-groothandel-over/67240/), 2021-02-03: "De joint venture itsoos (itsme en Koninklijke Oosterberg) neemt de Duitse elektrotechnische groothandel Hardy Schmitz over."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.