Big Bang, Slovenia’s leading entertainment and consumer electronics retailer, has signed an agreement to acquire 100% of Serbian online retailer BC Group.
The company announced the deal awaits approval from the relevant market competition authorities. The acquisition is expected to be finalized by year-end.
Last year, BC Group achieved a revenue of 35 million EUR. Over the next five years, they aim to increase this to over 90 million EUR. A suitable business partner was essential to achieve this growth, explained Oleg Kulidžan, the Director and current majority owner of BC Group. Kulidžan now anticipates that the acquisition will expand the product range, enhance logistics, and improve the customer experience.
Big Bang Group aspires to become the region’s leading online consumer electronics marketplace.
With this acquisition, Big Bang Group continues its expansion in the region, following last year’s takeover of Croatian firm Sancta Domenica. Post-acquisition, the entire group will employ nearly 700 individuals. As per their projections, by 2028, in a market of 16 million people, they anticipate generating over half a billion euros in revenue.