07/02/2012: Globalscope Partners Limited ranking in Thomson Reuters M&A rankings
13/07/2011 Westcon acquires entrada Kommunikations
Story Datatec Limited, the international information and communications technology (ICT) group, announces that its subsidiary Westcon has agreed to acquire entrada Kommunikations GmbH, a German based, value added distributor of IT security products and provider of sales support and training services. The consideration is not disclosed and will be settled entirely in cash from Westcon's resources. The transaction is still subject to cartel clearance.
The acquisition enhances Westcon's German presence and, with entrada's Swiss operations, allows Westcon to expand into a new geography to better service its pan-European customers' needs, according to a company media release.
Founded in 1996, entrada is the second-largest value added distributor of security products in Germany, the company said. It has a portfolio of solutions that includes Trend Micro, McAfee, Juniper and Riverbed. Since its founding, entrada has grown to achieve annualised revenues of over EUR 63m (USD 88m). It will now form part of Westcon's European Security operations.
Jens Montanana, Datatec's Chief Executive commented: "The acquisition of the second largest security distributor in Germany allows Westcon to significantly penetrate Europe's biggest economy and gives its European Security division a wider geographic footprint to better service its customers' requirements. "entrada's complementary vendor portfolio further strengthens Westcon's security offering in Europe, bringing significant possibilities for cross selling into both customer bases," he said.
Source Company Press Release(s)
Value GBP 56m (target's revenues)
Stake Value more than 30% inclusive
07/02/2012: Globalscope Partners Limited ranking in Thomson Reuters M&A rankings
Globalscope Partners Limited is delighted to announce its continued rise in the Thomson Reuters Mergers and Acquisitions rankings. In World Wide small cap deals (MM1a) of undisclosed value and under US$50m Globalscope Partners Limited is now ranked no. 41 world wide with 36 deals. This is an increase from the Thomson Reuters 2010 ranking of 43. The total rank value for 2011 was US$90.8m which is a rank value increase of 77.3% from 2010.
In European involvement Mid-market rankings of undisclosed value and over US$500m (MM3) it has achieved a ranking of 33 which is a rise of 9 places from 43 in 2010. The total rank value of 34 deals for 2011 was US$135.9m which is an increase of 401.5% from 2010.
Chairman, Michael Tilley from Terrain Capital in Australia commented ‘these results are very positive, particularly in such a challenging market and we look forward to expanding and developing the Globalscope Partners network in 2012 and beyond.’
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