Dustin AB explained

Dustin AB
Type:Aktiebolag
Foundation:1984
Key People:Bo Lundevall Founder,
Ulla Lundevall Founder
Johan Karlsson President & CEO
Thomas Ekman Chairperson of the Board
Industry:Retail
Homepage:Dustin
Dustin home

Dustin is a Swedish company specializing in IT. It is active in the Nordics and in the Benelux.

Dustin has approximately 2,200 employees and a turnover of 23.6 billion Swedish kronor in the fiscal year of 2022/2023. The company was listed on the Stockholm Stock Exchange in 2015.

Dustin was founded by the couple Bo and Ulla Lundevall in 1984 as a side business in a zoo shop in the Stockholm suburb Farsta selling computer accessories such as colored diskettes via mail order. In 1995, Dustin started selling products via the internet. Dustin was acquired in 2006 by the risk capital company Altor Equity Partners.[1] Dustin Group was listed on the Stockholm Stock Exchange in 2015.[2]

In 2004, the subsidiary company Dustin Home was founded, which is aimed at private individuals. Before that, the Dustin brand was aimed at both private individuals and companies. In 2007, Dustin acquired the companies TCM[3] and Computerstore A/S.[4]

In 2008, Dustin Home was established in Denmark, in 2009 in Norway and in 2016 in Finland.[5]

In 2012, IT-Hantverkarna was acquired by Dustin.[6] and Best Office[7] and Norsk Data Senter (NDS). In 2013, Finnish Businessforum was acquired. In 2015 acquisition of Commsec in Sweden and Resolute in Finland and in 2016 acquisition of Swedish Idenet and Norwegian IKT Gruppen. In 2017, Norwegian companies Core Services and Purit were acquired. Norriqs, a Danish company, and Saldab IT AB, a Swedish company, were also acquired in the same year. In 2018 and 2022, Dustin expanded to the Netherlands and Belgium through the acquisition of Vincere Groep and Centralpoint, respectively.

Dustin Financial Services AB

Dustin Financial Services AB was founded in 2007 as a subsidiary of Dustin. In 2015, it was sold to De Lage Landen Finance.

Sources

  1. Web site: Altor: About Dustin . 2011-03-05 . https://web.archive.org/web/20110617003534/http://www.altor.com/altor/opencms/our_portfolio/companies/case_0015.html . 2011-06-17 .
  2. Web site: IPO of Dustin Group on Nasdaq Stockholm . Dustin . 5 June 2022 . https://web.archive.org/web/20220605130615/https://docplayer.se/storage/21/1251552/1654437885/d0lVz-0w4l98bPQEkjSDCA/1251552.pdf . 5 June 2022. Swedish.
  3. Web site: Dustin weaves TCM. Dustin. 2007-03-13. 2007-07-08. https://web.archive.org/web/20070928055314/http://www.dustin.se/PDF/Pressmedalæde_tcm.pdf. 2007-09-28. Swedish.
  4. Web site: Pressrelease from Dustin. https://web.archive.org/web/20070928055336/http://www.dustin.se/PDF/dustin_computerstore.pdf . 2007-09-28. Swedish.
  5. Web site: Dustin enters the Norwegian business market. Dustin. 2010-04-27. 2010-07-10. https://web.archive.org/web/20170209082838/https://www.dustin.se/site/seb/pdf/Dustin_pressmedalde_100427_Norge.pdf . February 9, 2017. Swedish.
  6. Web site: Dustin acquires Hantverkarna. Dustin. 2012-07-06. 2012-07-06. https://web.archive.org/web/20150202060629/https://www.dustin.se/site/seb/content/PDF/pressreleaser/2012-07-06_Dustin-forvarvar-IT-Hantverkarna.pdf . 2 February 2015. Swedish.
  7. Web site: Dustin acquires Best Office. Dustin. 2012-07-13. 2012-07-13. https://web.archive.org/web/20150202060806/https://www.dustin.se/site/seb/content/PDF/pressreleaser/Dustin-forvarvar-Best-Office.pdf . 2 February 2015. Swedish.