Exertis to expand presence in Europe through acquisition of CapTech Distribution
Sweden: Irish group Exertis has signed an agreement to further expand its European footprint with the acquisition of broadliner CapTech Distribution. The completion of the transaction - set to be spread over three years - is conditional upon competition clearance from the Swedish Competition Authority. Following Exertis' strategy since the beginning of the year, Captech Distribution ought to be renamed soon after Exertis Captech. Exertis has a strategy to continue to expand its geographic footprint and offer its suppliers an even greater route-to-market and access to market leading services. CapTech is one of Sweden's leading technology distribution businesses, and has a particularly strong market position in IT hardware and AV systems. Daniel Johnsson, CapTech Managing Director, commented: "We are very much looking forward to working with Exertis to further expand our service offering to customers and suppliers and believe our partnership with Exertis will enable the next phase of growth for our business, including an expansion of the business in the wider Nordic/Scandinavian region." Captech becomes the second subsidiary of Exertis in the country, beside gaming specialist Ztorm, which was acquired in 2012 by Exertis subsidiary Exertis Gem.
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