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Johannesburg - International ICT group Datatec [JSE:DTC] subsidiary Westcon has agreed to acquire entrada Kommunikations GmbH, a German-based, value added distributor of IT security products and provider of sales support and training services.
The consideration was not disclosed and would be settled entirely in cash from Westcon's resources, the company said on Wednesday.
The transaction is still subject to cartel clearance.
Datatec said the acquisition enhances Westcon's German presence and, with entrada's Swiss operations, allows Westcon to expand into a new geography to better service its pan-European customers' needs.
Founded in 1996, entrada is the second-largest value added distributor of security products in Germany - with a portfolio of solutions that includes Trend Micro, McAfee, Juniper and Riverbed. Since its founding, entrada has grown to achieve annualised revenues of over €63m.
It will now form part of Westcon's European security operations.
Jens Montanana, Datatec's chief executive commented: "The acquisition of the second largest security distributor in Germany allows Westcon to significantly penetrate Europe's biggest economy and gives its European security division a wider geographic footprint to better service its customers' requirements.
The consideration was not disclosed and would be settled entirely in cash from Westcon's resources, the company said on Wednesday.
The transaction is still subject to cartel clearance.
Datatec said the acquisition enhances Westcon's German presence and, with entrada's Swiss operations, allows Westcon to expand into a new geography to better service its pan-European customers' needs.
Founded in 1996, entrada is the second-largest value added distributor of security products in Germany - with a portfolio of solutions that includes Trend Micro, McAfee, Juniper and Riverbed. Since its founding, entrada has grown to achieve annualised revenues of over €63m.
It will now form part of Westcon's European security operations.
Jens Montanana, Datatec's chief executive commented: "The acquisition of the second largest security distributor in Germany allows Westcon to significantly penetrate Europe's biggest economy and gives its European security division a wider geographic footprint to better service its customers' requirements.
