Westcoast is to unite with Spanish distribution heavyweight Adveo on a joint venture with an estimated top line in excess of £200m, CRN sister publication Channelnomics Europe has reported.
The agreement, announced today, will see the Madrid-headquartered player spin out a hefty chunk of its electronic office supplies division. Adveo indicated that, although the spin-out will reduce its reported revenues by about a third, it will also cut its debt by €80m.
For the full story on Channelnomics Europe, continue reading here.
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