Mammoth Getronics acquisition takes firm to $1bn-plus revenue

Acquisition of US MSP gives European VAR foothold in North American market

European VAR Getronics has acquired US-based infrastructure MSP Pomeroy, taking the combined firm's revenue to over $1bn.

Pomeroy's portfolio includes services around workspace, data and cloud, and the firm has bases across the US.

Getronics claims the combined company has a revenue of $1.3bn (£983.7m), meaning it has beaten CEO Nana Baffour's expectations of becoming a $1bn company by 2020.

"We are very pleased with the successful acquisition of Pomeroy," Baffour said.

"Our operations are now significantly strengthened globally, extending from Brazil to Singapore and from Spain to the US and Canada, with over 2,800 active clients, served by approximately 9,000 employees.

"With this scale, we are poised to succeed in our ambition to be the preferred partner for our customers in enabling business transformation using the latest technology."Getronics itself was the subject of a major acquisition last year, when it was bought by US-Brazilian investor Bottega InvestCo for £194.4m.

The Dutch VAR was generating half a billion pounds in global revenue at the time of that deal. Its UK arm generated £66m in its last financial year.

Brian Robinson, CEO of Pomeroy and now global CFO of the company, said the news was exciting for clients.

"Getronics' global service delivery capabilities and service offerings will be a compelling added value for North American clients," he added.

Getronics did not disclose the terms of the deal, but said the acquisition was supported by a $815m financing and recapitalisation transaction.