Exertis to buy Hammer Consolidated Holdings in £38 million deal

0
1606

The acquisition will add £155 million to Exertis’ £3 billion turnover should it be approved by the European Commission

Exertis has entered the early stages of acquiring IT distributor Hammer Consolidated Holdings in a deal worth more than £38 million.

The acquisition, should it be approved by the European Commission, will see the Basingstoke distributor acquire all of Hammer, who is based in the same area. Hammer specialises in distributing server and storage services, offering products from Dell and Intel, amongst many others,

It will add more than £155 million to Exertis’ existing turnover of £3 billion. Exertis staff numbers will be boosted from 1,150 to 1,315, whilst reseller numbers will also increase by 1,000. The deal is expected for completion by the end of this year.

Exertis claims the purchase will strengthen its current enterprise portfolio and enhance its range of products in the server and storage market. It would be Exertis’ second major acquisition in over a year. The firm had acquired IT specialist Computers Unlimited in May last year for £24 million, adding £140 million to its annual turnover.

DCC Technology managing director Niall Ennis said: “Hammer has enjoyed considerable success in providing value-added services and bespoke solutions in a number of vertical markets for their customers and has a well-earned reputation as a storage specialist.

“The acquisition has significant benefits for both companies increasing Exertis’ expertise and solutions in the storage market, complementary to our existing server and enterprise business, and providing Hammer customers and vendors with a platform for growth within a diverse and financially strong technology distribution company. In addition, this deepens Exertis’ presence across several European countries.”

 

 

NO COMMENTS

LEAVE A REPLY