Logicalis has announced its second acquisition in Europe within as many days, this time buying up a Cisco Gold partner in Portugal.
The global IT services firm has acquired Cilnet, a Gold-level Cisco partner based in Lisbon with approximately €20m in annual revenues.
The move adds new technical expertise to Cisco in Portugal to complement its existing capabilities in neighbouring Spain.
Cilnet is a team of 90 staff, including eight Cisco Certified Internetwork Experts, claims Logicalis, across offices in Lisbon, Porto and the Algarve.
The Portuguese firm is also a Platinum-level Dell EMC partner and has a "well-established reputation" in the mid-market in sectors including banking, insurance, telco, government and the media, claims Logicalis.
Cilnet has been rebranded to "Cilnet, a Logicalis company", according to its corporate website which is currently being revamped following the acquisition.
In a statement, Logicalis CEO Mark Rogers said: "As architects of change, we are continually looking for new and innovative ways to use our knowledge, experience and resources to build strategic solutions to our customers.
"This acquisition enables us to augment our Cisco offerings across the whole region of Iberia, increasing our capabilities and expanding our service portfolio. As a Cisco Global Gold Partner, this further strengthens our commitment to Cisco and, undoubtedly, it will be valuable to our larger markets around the globe."
Logicalis last acquired in the Iberian market in 2016, when it bought up Spanish analytics consultancy Lantares.
Only yesterday, CPI reported that Logicalis' German arm had acquired a Microsoft Gold MSP in Germany with annual revenues of around €5m.
Logicalis' M&A streak comes at a time of mixed fortunes for its European business. The firm's head of Europe, Ruediger Rath, announced a restructure for its UK business that could affect some roles in its UK workforce, which stood at just less than 400 in its last financial year. The restructure comes as a consequence of the UK arm reporting consecutive losses since 2015.
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