Dimension Data completes NextiraOne's acquisition

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

According to the latest announcement, Dimension Data has acquired certain subsidiaries of NextiraOne for over 43,000 private and public sector clients throughout Europe. Effective immediately, the two-part transaction will see Dimension Data acquire NextiraOne’s businesses and its 1,850 permanent employees in Austria, Belgium, the Czech Republic, Germany, Hungary, Ireland, Luxembourg, the Netherlands, Poland, Portugal, Slovakia, Spain and the United Kingdom.

Dimension Data has also undertaken to acquire NextiraOne’s operations in France and Italy in mid-2015, subject to the achievement of certain performance conditions. Dimension Data has not disclosed what it paid for NextiraOne.

Brett Dawson, CEO, Dimension Data, said, “Last year, the Group announced that it will double its revenue over the next five years from US$6 billion to US$12 billion. We tripled our business in the last 10 years, and now we are looking to double it through organic growth and strategic acquisitions. The purchase of NextiraOne is the first major step on this five-year journey. With this transaction, Dimension Data will enter new market segments, grow our client base, and add 1,850 talented employees with great skills to the Dimension Data family. It also provides us with the opportunity to expand into the middle market.

NextiraOne will be rebranded to Dimension Data over the next three months. Coulsen maintains his role as CEO of Dimension Data Europe and will lead the integration, while Winn will lead the remaining NextiraOne France and Italy businesses, and, at the same time......See More