Gerry O’Keeffe, Exertis International, managing director said “Amacom provides us with the opportunity to expand our Consumer Electronics business in Continental Europe. There is great synergy between our two companies in the consumer market which we can leverage to the benefit of our vendors, who increasingly want to work with fewer partners across Europe. Amacom is well respected for its sophisticated distribution and service capabilities, serving the Benelux market with an impressive, online portal that is widely used by retailers, and has strong relationships with key vendors.”
Amacom holds a leading position with vendors who include Clearplex, LG, Panasonic, Philips, Samsung and Sony.
Amacom’s experienced management team will remain in place after the completion of the acquisition with the current CEO, Dick Engels, reporting into O’Keeffe.
“With the additional resource and financial strength of DCC, we will continue the strong growth of our business in the Netherlands and beyond, and provide new opportunities for the channel and, most importantly, our employees under the Exertis brand. This is a significant step for Amacom that will enable us to be part of a highly successful operation which is rapidly expanding its presence across the globe,” said Engels.
Completion is expected to take three to six weeks, during which time both companies will continue to operate separately.