Infinigate said the merging of these two businesses will create a company with an anticipated €1.4 billion in revenue, as well as a larger geographical footprint and an extended vendor portfolio.
Klaus Schlichtherle, CEO, Infinigate Group, said, “Bringing together so many skilled people will enable us to create lots of new development opportunities in a fast-growing company. Infinigate will continue to be an exciting place to be for key value add talent and a place to develop competencies, careers and opportunities.
“After closing the transaction, we aim to continue to grow the joint enterprise by more than 20 per cent annually, and we will continue to address existing as well as new customers in a coordinated fashion. Nuvias and Infinigate have very similar strategies moving forward and will constantly stay focused on this.”
Simon England, CEO, Nuvias Group, added, “We are excited about joining forces and combining our assets to take the business and teams into the next phase of growth and expansion. Both companies value their people as their most critical asset, and the key to rewarding customer and vendor experiences in specialist distribution.”
The acquisition is subject to regulatory approval, with closing expected in the fourth quarter 2022.