ALSO Holding AG — Cyborg Score 6/10

Solid
Electronics & Computer Distribution / ICT Services

Strategic Profile

ALSO maintains competitive advantage through its broad geographic footprint across Switzerland, Germany, the Netherlands, and Poland, combined with an expanding portfolio of high-margin services including cloud, cybersecurity, IoT, and managed IT solutions. The company is strategically positioned at the intersection of traditional hardware distribution and emerging technology services, allowing it to capture growth in digital transformation initiatives while defending its core distribution business.

Cyborg Score Rationale

ALSO demonstrates solid fundamentals as a diversified technology distributor with strong European market presence and expanding service offerings. However, the company faces structural headwinds from hardware commoditization and margin compression in traditional distribution, partially offset by higher-margin cloud and IT services growth.

Top Insights

  • Diversified revenue model across hardware distribution, cloud services, cybersecurity, IoT, and managed IT solutions reduces reliance on commodity products
  • Strong footprint in Central Europe with 5,366 employees provides competitive advantage in regional market coverage and customer relationships
  • Comprehensive service stack including workplace-as-a-service, device-as-a-service, and Microsoft Azure deployment extends customer relationships beyond transactional distribution
  • Subsidiary of Special Distribution Holding GmbH suggests potential for strategic initiatives or consolidation opportunities within parent company ecosystem

Named Competitors

  • Technology Distribution — Global IT distributor and provider of IT services
  • Technology Distribution — Global technology distributor and IT solutions provider
  • Technology Distribution — European IT distributor

Recent Developments

  • February 2026: ISS Governance Quality Score rated at 10 with strong board governance metrics
  • Stock trading at CHF 133.40 as of early 2026, down approximately 31% year-to-date reflecting market challenges in technology sector

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