British Carphone Warehouse will acquire Dixons and the full merger plan will be divulged on Thursday. The company will be called Carphone Dixons.
4.5 billion euro merger
Both companies represent a joint value of 4.5 billion euro and Carphone's founder (Charles Dunstone) will become the new company's president, while Dixons' current CEO (Seb James) will keep his CEO function at the new company. Carphone's CEO, Andrew Harrison, will become vice CEO.
Both companies' chains will not feel the impact of the merger, with no expected closures as both companies have very little overlap. The advantages of this merger are mainly to be found on the inside: Carphone will become Dixons' exclusive electronics supplier.
Carphone Warehouse has over 2,000 worldwide stores for smartphones, tablets and accessories in 7 different countries. It also owns half of Virgin Mobile France, while Dixons Retail has 900 stores in 12 countries.