Esprinet acquires sixth largest distributor in Spain
€180m-revenue Veritas, Microsoft and VMware partner GTI Group sells up to Italian distribution giant
Esprinet has acquired the sixth largest distributor in Spain as it continues to consolidate the southern European market through M&A. Italy-based Esprinet will acquire 100 per cent of the capital in GTI Group for €38.8m in a cash transaction. GTI Group is a value-added cloud software distributor which logged revenues of €179.9m for the 12 months ending 30 September 2019. A Veritas, Microsoft and VMware partner, Madrid-based GTI is the number-one distributor of value-added reseller and systems...
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