United Kingdom : albeit already owning a sales office in the country since last year, French VAD Exclusive Networks has decided to go faster by acquiring majority shares (60%) of local VAD Arc Technology, whose management will keep some autonomy over strategy. Arc reached for its 2008-2009 fiscal year a turnover of about €16.55m. Exclusive plans to merge its 3-man team with Arc Technology 35-strong team and thus get a better credibility with vendors, all the more as UK is (too) often the first footprint of foreign vendors in Europe. Exclusive plans to open real soon a new subsidiary in Sweden and still has no official plans about Germany, the last major country in Europe it does not cover yet.
