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At the end of a week when it was announced Exertis owner DCC Group is selling the distributor to focus on its energy business, UK CEO Tim Griffin is upbeat and positive about the news. “It’s not a drama from my point of view. I see it as a big opportunity to have an owner
DCC plc, the parent company of Exertis, has announced it will sell the top-tier distributor as part of a new strategic direction focusing on the energy sector. DCC aims to streamline its portfolio to capitalise on growth opportunities in energy. This announcement was made by DCC Chief Executive Donal Murphy during the company’s interim results
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
Distributor acquired CU in May last year but has now integrated it in to Exertis UK
Parent company DCC said the decline was due to slowdown of growth in market