Exertis has acquired German VAD Comm-Tec and Dutch distie Amacom in one fell swoop.
DCC Technology - which trades as Exertis - announced the news on the same day as it reported record-high revenues of £3.6bn (€4.2bn) in its fiscal year ending 31 March 2019.
Its parent company DCC stated in an earnings report that the "combined initial enterprise value" of both acquisitions is approximately £55m (€63m) and they are subject to customary regulatory approvals.
VAD Comm-Tec is based in Stuttgart and specialises in Pro audiovisual (AV) and IT products, selling to systems integrators and resellers in Germany, Austria, Switzerland, Italy and Spain. It employs 150 staff across those countries and generated €90m in revenue in its last financial year.
"Pro AV is a strategic priority for Exertis, growing from an already strong position in the UK and Ireland, Nordics and France," stated Gerry O'Keefe, Exertis International managing director.
"Along with recent market-leading acquisitions in North America, Comm-Tec is a key investment in our continuing growth story.
"Comm-Tec provides Exertis' customers and vendors with a first-class European platform and, together with Exertis' supply chain solutions business, gives us global reach in this important and growing category."
Comm-Tec's Pro AV solutions include presentation hardware; digital signage and media solutions; signal management, conference and control; and racks and mounts. Its vendor partners include Barco, Brightsign, Chief, Gefen and Middle Atlantic.
Amacom is based in the south of the Netherlands and specialises in providing consumer electronics, AV and IT products to the e-tail and retail sectors in the Netherlands. It has a headcount of 80 and generated revenue of €160m in its most recent fiscal results.
It counts Clearplex, LG, Panasonic, Philips, Samsung and Sony among its vendor partners.
"Amacom provides us with the opportunity to expand our consumer electronics business in continental Europe," said O'Keefe.
"There is great synergy between our two companies in the consumer market which we can leverage to the benefit of our vendors, who increasingly want to work with fewer partners across Europe.
"Amacom is well respected for its sophisticated distribution and service capabilities, serving the Benelux market with an impressive, online portal that is widely used by retailers, and has strong relationships with key vendors."
The management teams of both Comm-Tec and Amacom will remain in place after the acquisition is completed.
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