Exertis announces acquisition of COMM-TEC GmbH
Tuesday, May 14, 2019
The acquisition is subject to the approval from authorities which is expected within the next 3 months. Until approval is granted the companies will operate as separate entities. Headquartered east of Stuttgart, the company generated over €90 million revenue in its last financial year. It employs over 150 staff across…
DCC Technology, trading as Exertis, has announced the acquisition of COMM-TEC GmbH, a supplier of Pro AV solutions to resellers and systems integrators across Europe.
Headquartered east of Stuttgart, the company generated over €90 million revenue in its last financial year. It employs over 150 staff across Germany, Switzerland, Austria, Italy and Spain and with sales operations in Eastern Europe.
The acquisition is subject to the approval from authorities which is expected within the next 3 months. Until approval is granted the companies will operate as separate entities.
Exertis International managing director Gerry O’Keeffe said: “Pro Audio-Visual is a strategic priority for Exertis, growing from an already strong position in the UK&I, Nordics and France, along with recent market leading acquisitions in North America; COMM-TEC is a key investment in our continuing growth story.
"COMM-TEC provides Exertis’ customers and vendors with a first-class European platform and together with Exertis’ Supply Chain Solutions business gives us global reach in this important and growing category.
"In addition to increasing our presence in Continental Europe, this acquisition provides great synergy opportunities with our Exertis Pro AV Solutions divisions in other countries. The acquisition will provide our customers with increased range of products and services and aligns Exertis with our vendor partners who are increasingly looking for companies that can support them in realising their international Pro AV and IT ambitions.”
COMM-TEC provides a range of Pro AV solutions that include presentation hardware, digital signage and media solutions, signal management, conference and control, and racks and mounts.
The company has relationships with a wide range of vendors including Barco, Brightsign, Chief, Gefen, Middle Atlantic, Newline and QSC. COMM-TEC’s experienced management team will remain after the completion of the acquisition reporting to Eric Bousquet, managing director, Exertis commercial Western Europe.
COMM-TEC managing director Rainer Sprinzl said: “This is a great opportunity for our business and our employees to be part of an organisation that has clearly demonstrated its desire to grow both organically and through acquisition.
"Equally, it has great benefits for our customers and vendors with the potential to extend our product portfolio and service offerings to meet the increasingly collaborative requirements of end users in today’s workplace.”