As part of its comprehensive development policy, network specialist ALLNET.Italia has acquires a 80% stake in its Spanish counterpart Wifidom. This strategic transaction will allow ALLNET.Italia to expand and consolidate its operations in Southern Europe by entering the Spanish market, a market with a very high potential and strong growth rates. Since 2014, Spain has been reporting economic growth for four consecutive years, with a rate of over 3% in the past 3 years, returning to pre-crisis levels and placing itself well above the average registered in the Eurozone, with estimates of a 2.1%* growth for 2019. Moreover, according to reports from the “Digital Economy and Society Index” published by the European Commission in 2018, Spain also ranks above the European average in terms of digital development of its economy. The above-mentioned index is based on five indicators: data connections, human capital, internet use, integration of digital technology in companies and digital public services. The development programme was also supported by the local Government, which published the national plan for the development of 5G network and services.
Wifidom is a well-known local company with a consolidated position on the market. It has been operating in the Iberian Peninsula since 2003, with offices in Madrid, Barcelona and Malaga. Wifidom has grown continuously over the years and has thus become a successful high value-added distributor in the field of WiFi and Networking solutions, managing an industry-leading portfolio of vendors. One of the company’s distinctive features is the extreme care it demonstrates towards its customers, offering a comprehensive support service in all project phases, going beyond a simple supply of products: ranging from pre-sales to design, consulting during installation, logistics, financing, training, and after-sales support.
“Wifidom has an excellent reputation on the Spanish market thanks to the high level of service provided, always delivered with the utmost professionalism and competence. The enterprise adopts an approach that is strongly oriented towards continuous innovation and excellence”, commented Emiliano Papadopoulos, CEO of ALLNET.Italia, who added: “this agreement was only possible as a result of sharing the same system of values, such as ethics and transparency in business relations, continued commitment to the market and an approach that considers people as the most important resource. We are therefore very pleased with this acquisition, strongly desired by both parties, which will enable us to create significant synergies by sharing expertise and technological know-how and to grow together to be more competitive on the Spanish market with an even wider and more complete range.”
In fact, ALLNET.Italia has many vendors in common with Wifidom, including Cambium Networks, Ruckus Networks, AVSystem, Mimosa Networks and Siae, but within its own portfolio relating to Wi-Fi & Networking BU, it maintains strong relations with numerous other strategic partners: a key resource to successfully meet the new technological challenges from the market and to develop comprehensive projects that are increasingly integrated. “ALLNET.Italia has been planning this entry into the Spanish market for a long time and has found Wifidom to be the ideal partner to face such an important step. The growth objectives that we have set ourselves are very challenging and are inspired by our desire to get involved outside our national borders once again”, explains Emiliano Papadopoulos. “In Italy, ALLNET.Italia operates with six Business Units, actively managing over 70 brands and today it has a well-balanced competitive position with a constantly increasing turnover. Therefore, we hope to achieve the same results in Spain. On our part, we are ready and determined to support Wifidom’s management in developing our joint plan.”
“We are delighted with this new phase that we are starting with ALLNET.Italia and we believe this agreement will bring important opportunities for growth for both companies. We have found the perfect partner, who will allow us to position ourselves more solidly in the Iberian market by applying the same knowledge, processes and learning deriving from their successful experience in the Italian market”, states José María Martínez Ruiz, General Director of Wifidom. “We have already developed great synergies and, most importantly, we share the same work methodology and values, including the main one: people first. We are convinced that we will be able to reach the very ambitious objectives we have set, growing in every sense: vendors, partners, vertical marketplaces and resources.”