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The administrators of Exertis (UK) Ltd have begun assessing the company’s affairs but have declined to provide any further detail on the causes of the collapse or the future of the business.
Exertis UK Ltd has filed a notice of intention to appoint administrators in the Companies Court, according to a public court listing.
Exertis UK has signed an agreement with evo Group’s Vow Wholesale subsidiary to give jobs to Exertis Supplies staff who did not take voluntary redundancy.
Around 400 Exertis UK employees now face involuntary redundancy, compared with the more than 1,000 job losses originally feared.
Exertis UK’s drastic restructuring follows several years of weak financial performance, with the business having failed to generate sustainable profits and remaining cash-flow negative before its acquisition from DCC by Aurelius, according to industry sources familiar with the situation. The…
Exertis UK has confirmed proposals to slash its workforce, just weeks after the business was sold to German private equity firm Aurelius. The UK technology distributor has informed staff of plans that could reduce headcount from approximately 1,200 employees to around 130, subject…
Exertis IT has been sold by DCC Tecnology to private equity firm AURELIUS, pending regulatory approval.
Exertis IT has bought Apple Authorised Service Provider Group 8 to expand its presence in the circular economy. Ironically, Exertis itself is seeking a buyer as parent company DCC plans to concentrate on the energy sector Group 8 has been in business for more than 20 years and provides specialist Apple support and repair services across
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