Dustin AB
Encyclopedia
Dustin is a Swedish
e-commerce retailer founded in 1984 by Bo Lundevall and his wife Ulla Lundevall in a garage in Farsta
, Stockholm
. Dustin started off selling coloured floppy disks over mail order
and started selling IT
and technology products over the Internet
in 1995. Today (2009) Dustin is Sweden's largest internet-based retailer of IT and home electronics products. The company employs approximately 350 persons and had revenue over 3.5 billion Swedish kronor during 2007.
Dustin was acquired by the private equity
company Altor Equity Partners
in 2006.
In 2004 Dustin's daughter company Dustin home was founded, which specialises in selling products to home users.
In 2007 Dustin acquired the Danish
companies TCM and Computerstore A/S.
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
e-commerce retailer founded in 1984 by Bo Lundevall and his wife Ulla Lundevall in a garage in Farsta
Farsta
Farsta is a district in a borough with the same name in southern Stockholm, see Farsta . It is also a metro station on the Green line . The distance between central Stockholm and Farsta is 8 kilometers.-Sports:...
, Stockholm
Stockholm
Stockholm is the capital and the largest city of Sweden and constitutes the most populated urban area in Scandinavia. Stockholm is the most populous city in Sweden, with a population of 851,155 in the municipality , 1.37 million in the urban area , and around 2.1 million in the metropolitan area...
. Dustin started off selling coloured floppy disks over mail order
Mail order
Mail order is a term which describes the buying of goods or services by mail delivery. The buyer places an order for the desired products with the merchant through some remote method such as through a telephone call or web site. Then, the products are delivered to the customer...
and started selling IT
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
and technology products over the Internet
Internet
The Internet is a global system of interconnected computer networks that use the standard Internet protocol suite to serve billions of users worldwide...
in 1995. Today (2009) Dustin is Sweden's largest internet-based retailer of IT and home electronics products. The company employs approximately 350 persons and had revenue over 3.5 billion Swedish kronor during 2007.
Dustin was acquired by the private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
company Altor Equity Partners
Altor Equity Partners
Altor Equity Partners is a private equity firm focused on leveraged buyout and growth capital investments in Sweden, Denmark and Norway.The firm, which is based in Stockholm, Sweden, was founded in 2003 by a team led by Harald Mix, formerly a partner at Industri Kapital, another Nordic-focused...
in 2006.
In 2004 Dustin's daughter company Dustin home was founded, which specialises in selling products to home users.
In 2007 Dustin acquired the Danish
Denmark
Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...
companies TCM and Computerstore A/S.