Itancia closes its Swiss office
French eco-recycled telecom VAD Itancia has decided to close its Swiss sales office. The country will seemingly be covered from now on from Germany.
A new country for Itancia
Belgium: French eco-recycled network and telecom VAD Itancia has further expanded its European coverage with the opening of a new sales office in Brussels. Managed by Geert de Vos, Itancia Benelux will push Itancia's offer throughout the region (Belgium, Luxembourg and the Netherlands).
Arrow ECS signs definitive agreement to acquire Computerlinks
Network and security VAD Arrow ECS has signed a definitive agreement pursuant to which it will acquire its pan-European competitor Computerlinks (an acquisition known internally as Project Castle). According to Michael J. Long, chairman, president and CEO of Arrow, "this acquisition supports our strategy to serve the data center of the future and strengthens our position in this rapidly growing segment." Headquartered in Germany, Computerlinks has operations in Australia, Austria, Belgium, Czech Republic, Denmark, Finland, France, Hungary, India, Ireland, Italy, the Netherlands, Norway, Poland, Singapore, Sweden, Switzerland, the United Arab Emirates, and the United Kingdom. Arrow ECS owns offices in all these countries except Australia, India, Italy, Singapore and the United Arab Emirates. Arrow ECS will thus be able to enter these five new markets. In all other countries, one will have to wait to know more about the practical impact on local teams and distribution partnerships, as we can report many important overlaps in several countries (even if most Computerlinks' vendors do not work with Arrow ECS). Sales in 2013 are estimated to total approximately €1.1 billion, compared to €943 million reported for 2012. This acquisition is expected to be €.15 to €.18 accretive to earnings per share, excluding the impact of the amortization of related intangible assets, in the first year post closing. The purchase price is approximately €230 million, more than twice the €104 million paid by Equistone back in 2008. The acquisition is subject to regulatory approvals and is expected to close in the fourth quarter of 2013. Last major European independant VADs are French Exclusive Networks and Itancia, Italian ITway and British Zycko.
Itancia displays on Infocus
Network, telecom and AV VAD Itancia has been chosen by Infocus as a new distributor for its videoprojectors and video-conferencing systems in France as well as in Africa, where the distributor owns offices in Morocco and Tunisia (which covers the remaining French-speaking Africa as well as Libya).
Itancia gets Smart
France: interactive whiteboard vendor Smart has appointed telecom VAD Itancia as an official distributor for the education and corporate markets.