German IT Distributor Devil has announced plans to be listed on the Frankfurt security stock exchange. According to CEO Axel Grotjahn, the move will allow Devil to open up additional customer groups and speed up expansion in Europe.

 

Devil supplies around 7000 specialist dealers with IT products, including components like graphic cards and memory chips, notebooks, peripheral devices, and multimedia products. Its sales for the accounting year 2006/2007 were about 322 million euros, up six percent from the previous year.