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District Lines, an AKT Enterprises company, has announced it has acquired SmartPunk, one of the world’s leading online music merchandising stores. With this acquisition, SmartPunk becomes a wholly owned subsidiary of AKT Enterprises and will join the company’s comprehensive network of design, merchandising and marketing companies.
“The SmartPunk acquisition advances our pursuit of innovation and excellence in merchandising across both online and offline communities,” said Alex Tchekmeian, president of AKT Enterprises. “The combination of District Lines and SmartPunk will create a leading force in music merchandising. Together, we will be a stronger business partner, delivering customers the most competitive portfolio of products and services in the industry.”
In the upcoming weeks, the District Lines team will begin executing a planned integration of the two companies’ operations to ensure a smooth transition and immediate value for vendors, clients, and customers. The move accelerates AKT’s strategic initiative to advance SmartPunk’s website and storefront, developing a more interactive platform centered around user-generated content.
AKT’s expertise in online stores and entertainment merchandise coupled with SmartPunk’s worldwide customer reach will rapidly enhance AKT’s ability to capitalize on the ever-growing music merchandising marketplace.
