Bechtle on hunt for M&A in Spain as COVID cripples local rivals

Bechtle is actively pursuing an acquisition in Spain, according to its Spanish managing director, as the reseller giant looks to bolster its market share in the southern European market. Juan José Moneo has told CPI that as several smaller local rivals have had their cash flow decimated by the COVID-19 pandemic, many have now become potential M&A targets. "I think there is a concentration of them in the market now. Of course, Bechtle has had really strong organic growth but we are also looking...