Torp Computing Group ASA

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INFORMATION MEMORANDUM
Merger of Komplett ASA and Torp Computing Group ASA
The goodwill resulting from the Merger will be subject to impairment testing. Other intangible
assets resulting from the Merger will be subject to amortization. TCG’s interest bearing debt will be
included in the Merged Company’s balance sheet
The company's ambition is to offer European end-users the best selections of products, prices and
customer service available with a view to computer equipment, consumer electronics and
appliances. Improved economies of scale and mutual development are among the areas in which
synergies are expected. The brand names Komplett, MPX, Itegra and Norek will be continued. The
merger is motivated by ambitions of growth.
The Merged Company aspires to achieve a healthy balance between growth in sales and profits.
The company’s strategy of continued geographical and product-related expansion stands firm.
Komplett focuses on prompt delivery and therefore on extremely low order backlogs. This,
combined with innovative marketing efforts, tends to limit visibility. E-commerce is expected to
continue to win a rising share of the overall market for the products that Komplett offers. With
increasing competition and falling prices, Komplett must work to keep its customers satisfied and
work continuously to streamline operations. The project to automate parts of the warehouse
facilities in Sandefjord is expected to be increased as a result of this merger.
TCG’s ongoing construction of a logistics center in Sandefjord will be coordinated with Komplett’s
existing infrastructure. The goal is to reduce relative warehousing costs substantially, increase
delivery capacity and improve customer service by cutting delivery time even further.