CMS Distribution acquires €30m-revenue German distributor
Anglo-Irish distributor now has a direct presence in eight countries following acquisition of Bavarian sysob
CMS Distribution has expanded its direct European coverage to eight countries with the acquisition of German security, networking and enterprise tech distributor sysob.
Based in Bavaria, sysob has annual revenues of over €30m and 36 staff. Serving around 2,000 reseller partners, its key vendor franchises include Okta, Pulse Secure and Yubico.
The acquisition will mean Anglo-Irish outfit CMS has 13 offices in eight European countries, namely the UK, Ireland, France, Netherlands, Sweden, China, the USA and now Germany.
Sysob managing director Thomas Hruby, who founded the business in 1999, will remain with the business and continue to drive sysob's growth strategy, CMS said.
CMS founder and CEO Frank Salmon billed it as a "strategic acquisition" that enables CMS to "expand its value-added IT products, services and solutions".
Hruby added: "We are expecting synergies and diversifications in the product portfolio, as well as the possibility of selective access for our Vendor partners to the pan-European distribution market. At the same time, we will be a complementary partner for CMS in the DACH countries (Germany, Austria, Switzerland) due to our longstanding partner network."