Exertis announces intention to acquire two firms
- Tuesday 14th May 2019 10:01
- DCC Technology, trading as Exertis has announced the acquisition of COMM-TEC GmbH, a supplier of Pro AV solutions to resellers and systems integrators across Europe. The company has also announced its intention to acquire Amacom, a supplier of consumer electronics and small domestic appliances, subject to approval from the relevant competition authorities.COMM-TEC provides a range of Pro AV solutions that encompass presentation hardware; digital signage and media solutions; signal management, conference, and control; and racks and mounts. COMM-TEC’s management team will remain after the completion of the acquisition reporting to Eric Bousquet, Managing Director, Exertis commercial Western Europe.Gerry O’Keeffe, Exertis International Managing Director said, “Pro Audio-Visual is a strategic priority for Exertis, growing from an already strong position in the UK&I, Nordics, and France, 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.”Rainer Sprinzl, COMM-TEC, Managing Director said, “this is a great opportunity for our business and our employees to be part of an organisation that has clearly demonstrated its desire to grow both organically and through acquisition. Equally, it has great benefits for our customers and vendors with the potential to extend our product portfolio and service offerings to meet the increasingly collaborative requirements of end users in today’s workplace.”Amacom holds a leading position with vendors who include Clearplex, LG, Panasonic, Philips, Samsung, and Sony.Amacom’s experienced management team will remain in place after the completion of the acquisition with the current CEO, Dick Engels, reporting into O’Keeffe. Completion is expected to take three to six weeks, during which time both companies will continue to operate separately.Gerry O’Keeffe, Exertis International, Managing Director said, “Amacom provides us with the opportunity to expand our Consumer Electronics business in Continental Europe. 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.”Dick Engels, Amacom’s CEO added, “with the additional resource and financial strength of DCC, we will continue the strong growth of our business in the Netherlands and beyond, and provide new opportunities for the channel and, most importantly, our employees under the Exertis brand. This is a significant step for Amacom that will enable us to be part of a highly successful operation which is rapidly expanding its presence across the globe.”
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