Westcoast acquire stake in Data Select
Friday, September 20, 2019
Profits for Data Select fell last year by just over 10 percent, finishing the 12 months to April 2018 on £1.7 million. Westcoast ended their…
Westcoast has bought a significant stake in rival mobile distributor Data Select Limited.
According to sources, Westcoast now owns as much as 50 percent of the Marlow-based distributor who have confirmed that the two businesses have “joined forces”.
The two distributors will continue to operate as separate entities; however the acquisition does follow the departure of Date Select CEO, Fergal Donovan. Peter Jones will continue to lead the business.
The motivation behind the move is thought to be an attempt on Westcoast’s behalf to improve its Samsung mobile offering without going through a tender process which, in the event of a 100 percent acquisition, would have begun again.
Profits for Data Select fell last year by just over 10 percent, finishing the 12 months to April 2018 on £1.7 million. Westcoast ended their respectful financial year in more favourable circumstances, finishing the 12 months to December with £14.5 million in profit for the year, growing the company by five percent.
This is the third attempt of the sale of Data Select in a decade for Peter Jones, who founded the company in 1998. The distributor quashed rumours that Tech Data, Digital Wholesale Solutions (then known as Daisy Group) in 2016 and Brightstar in 2011 had respectively held talks to acquire the business.
Although confirmed, details of the agreement remain undisclosed. TBT has reached out to Westcoast but are yet to receive a comment at the time of publishing. Data Select had no further comment.