Alpha Bak has signed a loan agreement with Kotsovolos-Dixons South East Europe, part of the Currys Group, to finance the company’s digital transformation program with the participation of the Recovery and Resilience Fund (RAF).

The company’s €15.26 million investment plan will be financed by issuing a total €12.2 million bond issue, with TAA’s participation in the investment 50% and Alfa Bank’s 30%, totaling 80% . investment program. The funded digital transformation investment project “Kotsovolos” concerns the implementation of a fully automated warehouse and transport system using specialized software, information and communication technology infrastructure and robotics to optimize the management, storage and retrieval of items / goods from a warehouse, in the supply chain industry.

With the contract signed, Kotsovolos’ digital transformation plan is accelerating by reducing its operating costs, introducing new services and products to better manage current and future operational risks, and modernizing its operations and business. model. The investment is aimed at automating and digitally transforming the company’s supply chain, as well as updating operating systems in a new 56,000 sq. m. warehouse, distribution and repair center. m, and also provide for the development of new products and services “Logistics as a Service”. , delivering high results and strengthening the after-sales services offered.

It also paves the way for the introduction of the latest automation technology, with dedicated robots storing and picking products, and state-of-the-art picking and packaging systems providing increased productivity and ergonomics for employees, as well as high quality. when fulfilling orders. The financing of this investment complements the more than €10 billion disbursements Alfa Bank has made to the Greek economy over the past two years, reaffirming its role as an assistant to Greek businesses in their transition to a digital and more sustainable economy. model.