Infinigate has moved to acquire the security and networking arm of the Nuvias Group in a deal that will create a pan-European distribution business that should generate combined sales of €1.4 billion.
The Unified Communications (UC) portion of Nuvias is not part of the envisaged deal and will remain owned by Rigby Private Equity, but in large part this deal marks an end to a buy-and-build strategy that had been initiated by acquiring security. – focused on Wick Hill and network specialist Zycko in September 2017.
The attraction of the deal for unending is the opportunity to add more depth to the existing cloud and network security position, and to provide greater access to a wider geography, including the UK.
The channel player has ambitions to grow the business at 20% annually, and the deal helps somewhat to achieve this ambition with the companies expected to generate €1.4 billion in revenues across Europe once the merger is completed.
Nuvias has built a pan-European presence, and Inifingate – which already has a strong position in Germany – will be able to rely on that as the UK, France, Benelux, Scandinavia and Southern Europe all get a boost and the deal closes. company to Eastern Europe.
“Infinigate is getting even more relevant and powerful. We will have a stronger geographic footprint, especially in the core markets in Europe – where we will have strong positions in 21 countries,” said Klaus Schlichtherle, CEO of Infinigate Group.
“Our complementary supplier portfolios will create a tremendous opportunity for growth. And by bringing together so many skilled people, we can create many new development opportunities in a fast-growing company. Infinigate continues to be an exciting place for significant value-added talent and a place to develop competencies, careers and opportunities,” he added.
“After closing the transaction, we aim to grow the joint venture at more than 20% annually, and we will continue to engage with both existing and new customers in a coordinated manner. Nuvias and Infinigate have very similar strategies going forward and will remain constantly focused on this,” added Schlichtherle.
In response, Simon England, CEO of the Nuvias groupsaid joining forces with Inifigate would help the company grow further.
“We are excited about joining forces and combining our resources to take the company and teams into the next phase of growth and expansion. Both companies value their people as their most critical asset and the key to rewarding customer and supplier experiences in specialty distribution,” he said.