A month after rumours started circulating, Dimension Data has announced it has acquired certain subsidiaries of rival NextiraOne.
Back in December, the European Commission revealed that Dimension Data had made a bid to acquire its fellow Cisco gold partner, which boasts a client list of 43,000 private and public sector names across Europe.
The two-part transaction will see Dimension Data take ownership of 1,850 permanent employees in Austria, Belgium, the Czech Republic, Germany, Hungary, Ireland, Luxemboug, the Netherlands, Poland, Portugal, Slovakia, Spain and the UK.
Under the terms of the deal it will also acquire NextiraOne’s operations in France and Italy in mid 2015, subject to the achievement of certain performance conditions.
No financial details of the transaction were revealed.
Brett Dawson, chief executive of Dimension Data said the firm aims to be the top solutions and services provider in Europe.
“Last year, the Group announced that it will double its revenue over the next five years from $6bn to $12bn. We tripled our business in the last 10 years, and now we’re looking to double it through organic growth and strategic acquisitions,” he said.
“The purchase of NextiraOne is the first major step on this five-year journey. With this transaction, Dimension Data will enter new market segments, grow our client base, and add 1,850 talented employees with great skills to the Dimension Data family. It also provides us with the opportunity to expand into the middle market."
He added: “Dimension Data’s future strategy is to take the combined portfolios of both companies to the SMB, commercial, public sector, and enterprise markets. I am particularly excited about NextiraOne’s unified communications and collaboration business, which provides Dimension Data with the ability to manage communications infrastructure across multiple platforms.”
David Winn, chief executive of NextiraOne added: “Becoming part of Dimension Data is a tremendous endorsement of the high quality solutions and services that NextiraOne provides. We have a very strong communications and UC & Collaboration business with the ability to manage communications infrastructure across multiple legacy platforms. These, together with the combined IT and cloud assets and capabilities of both companies, are extremely powerful, and positions us as one of the leaders in the provision of services and solutions in the ICT sector across Europe.”
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