Bechtle intends to acquire on Inmac Wstore
Bechtle intends to acquire on Inmac Wstore - Inmac Wstore would put Bechtle among the top 5 French IT companies - Largest acquisition in the company's history
Neckarsulm, 11. July 2018 - Bechtle AG announces its intention to acquire the French IT provider Inmac Wstore S.A.S. An agreement to this effect was signed today. Before the share purchase agreement can be ultimately signed, French law stipulates consultation of the Inmac Wstore employees' workers council. The acquisition is also subject to customary French regulatory approvals. The sale to Bechtle, if completed, would be the biggest acquisition in Bechtle's history. In 2017, Inmac Wstore recorded sales of around EUR420m while employing more than 400 people. The company has been a part of the American Systemax Group since 2009 and was formed after the merger of Inmac, founded in 1984, and Misco, founded in 1991. The company sells IT products on the French market under the names In-mac Wstore and Misco. The sale to Bechtle would mean that Systemax would withdraw completely from the IT market.
"As a European company, we would gain further market share with Inmac Wstore as well as a leading position in another important market", says Dr Thomas Olemotz, CEO, Bechtle AG. "This acquisition would be a significant step towards achieving our Vision 2020, which not only provides for a revenue of 5 billion euros and 10,000 employees, but also positions Bechtle as the number 1 in European IT e-commerce."
Strengthened market position in Europe The acquisition of Inmac Wstore would push Bechtle into the top 5 French IT companies. Bechtle has been active in the French market with the brands Bechtle direct, Bechtle Comsoft and ARP since 2000. France is the third largest IT market in Europe after the United Kingdom and Germany. "Inmac Wstore is our first choice to help to further strengthen our business in Europe. It's a well-led company with an excellent reputation in its industry. It's remarkable how alike our corporate cultures are, which is another important aspect enabling us to quickly make the most of our synergies", says Jürgen Schäfer, COO E-Commerce Bechtle AG.
Identical business model As with Bechtle's e-commerce division, Inmac Wstore uses the combined distribution channels of online shops and consultation by qualified sales staff. Customers of both companies include both enterprises and the public sector. Bechtle would complement Inmac Wstore's product range, particularly in the areas of software (Bechtle Comsoft) and cloud computing (Bechtle Cloud Platform) as well as in the support of international customers (Bechtle International Business Unit and Global IT Alliance). The acquisition would create considerable synergies, in particular through the combination of strong logistics and higher purchasing volumes.
Continuity in leadership, structure and locations Jacques Théfo, Président of Inmac Wstore: "By joining the Bechtle Group, we see an excellent opportunity for our company to serve our customers in the long term as a strong IT partner with an expanded portfolio. I am particularly pleased that our employees will benefit from the stability and security of a large employer-with a corporate and management culture that suits us very well." As is usual with Bechtle acquisitions, Inmac Wstore would continue to operate in its existing structure under the established management team. The company's headquarters in Roissy-en-France, near Paris, plus offices in Plessis and Angoulême would also be taken over, which would add to Bechtle Group's current locations in Molsheim, near Strasbourg (Bechtle direct), Paris, Sophia Antipolis, Nantes, Lille and Lyon (Bechtle Comsoft) and Courtaboeuf near Paris (ARP).
***About Bechtle: Bechtle AG is one of Europe's leading IT providers, with some 70 systems integrators in Germany, Austria and Switzerland as well as e-commerce subsidiaries in 14 European countries. Founded in 1983, the company is headquartered in the southern German town of Neckarsulm and currently employs some 8,600 people. Bechtle provides 70,000 customers from the industrial, trade, financial and public sectors with a comprehensive, vendor-neutral portfolio that covers all aspects of IT infrastructure and operation. Bechtle is listed on the German stock index TecDAX. In 2017, the company generated revenues of around 3.6 billion euros. Learn more at: bechtle.comContactInvestor Relations Corporate Communications/Press Martin Link Sabine Brandmartin.firstname.lastname@example.org email@example.com Tel: +49 7132 981-4149 Tel: +49 7132 981-4115
11.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: Bechtle AG Bechtle Platz 1 74172 Neckarsulm
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