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News - Jasper Hart
May 15, 2019
Both firms took £216.7m in revenue in total
Exertis has acquired German audiovisual distributor Comm-Tec for an undisclosed fee.
Comm-Tec generated over £78 million in its last financial year
and employs over 150 staff across Germany, Switzerland, Austria, Italy and Spain.
The company distributes products from audiovisual vendors such as Barco, Brightsign, Chief, Gefen, Middle Atlantic, Newline and QSC.
The Comm-Tec executive team will report to Exertis commercial managing director for Western Europe Eric Bousquet.
The management team will be retained, with the acquisition expected to be finalised in June or July.
Exertis international managing director Gerry O’Keeffe said: “Pro audiovisual 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.”
Amacom in sights
Exertis will also soon acquire Dutch technology distributor Amacom, which distributes consumer technology and household appliances through global brands such as LG, Panasonic, Philips, Samsung and Sony.
The Den Bosch-based firm employs 80 staff and its revenues were £138.7 million in its last financial year.
O’Keeffe said the acquisition would expand Exertis’ consumer electronics business in continental Europe.
When the deal is completed, Amacom CEO Dick Engels will report to O’Keeffe and the management team will remain in place.
