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Dominion intensifies its focus on the Smart House concept with the acquisition of Phone House España

14/07/2017

Dominion acquires the Spanish company Phone House for 55 million euros.

Dominion, a Spanish multinational which offers Technological Services and Solutions in the sectors of Technology and Telecommunication, Industry and Energy, has come to an agreement with the English group Dixons Carphone to acquire Phone House España, the main independent telecommunication services retailer in Spain.

 

“We are a step ahead of the digital transformation and the consolidation of services in the industrial market, and we also want to position ourselves as an integrator of added value services around our homes. It is what we call “Smart House””, says Mikel Barandiaran, CEO of Dominion. “We believe in the need of a nearby store to centralize the growing demand of technological services from consumers. Phone house has also waged for this trend: a one-stop-shop model at home”

 

With this transaction, aligned with its innovation and growth strategy, Dominion takes a leading role in the new trends of services for people and homes. The company will integrate Phone House in its Smart Innovation business model, where digitalization is a key pillar.

 

Dominion´s CEO has also highlighted the potential for developing this business model in Latin America, “Dominion is well established on Latin American countries; where we will apply the Smart House model.”

Fernando Urrutia, Chairman of Phone House, has declared that “We join a strong and solid group with a clear growth commitment and great experience in digitalization, which will represent a huge progress for the smart house project”.

The transaction, valued at 55 million euros, is also subject to the clearance of the Spanish antitrust authorities; expected during the third quarter of 2017.

 

 

Acerca de Phone House Spain

Phone House offers since 1997 the widest range in mobile telephony: terminals and operator connections. The independent chain is committed to a multi-channel strategy and counts with more than five hundred stores managed by more than 2,000 people with the expertise to advise customers on the best devices, rates and the operator that best suits their needs. The chain has more than 35 million visits to the point of sale and 30 million visits at phonehouse.es The company, already a leader in the telecommunications market, now wants to lead services for people and houseware.

More information at www.phonehouse.es

 

About Dominion

Dominion is a technologic multi-national specialized in multi-technical Services and specialized engineering Solutions, which operates in three main activity areas: Technology and Telecommunications, Industry and Renewable Energies. Dominion applies its knowledge on processes, technology and innovation to achieve efficiency I nthe business processes of its clients. And it believes in Digitalization as the catalyst and differential value of its business model.

With presence in more than 30 countries, more than 1,000 clients and 5,000 employees, it reached a turnover of 612 million euros in 2016. The company bases its strategy in an unique culture and management model and in an ambitious growth plan. Dominion is publicly listed in the Spanish stock market since April 2016 (DOM:BME).

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Dominion's CEo and Dixons Carphone's Group Strategy Director sign the agreement