Online retailer eMAG buys PC Garage

PC Garage, one of the leading local IT&C online stores with a revenue of 165 million RON in 2015 will be part of eMAG, Romania's largest online retailer following the acquisition announced in April 2016. The transaction is pending an approval from the Competition Council.

"PC Garage will independently develop its brand and team to enter new markets with the help of EMAG", reveal the companies in a press release.

eMAG had a revenue of 350 million Eur last year. Its main competitors on the Romanian market are cel.ro, f64.ro, and evomag.ro. eMAG is owned by South-African investment fund Naspers and local businessman Iulian Stanciu.

by Mihaela Constantin