Infotheek Group, a European supplier of hardware and software solutions, has taken over Added Dimension and Global Hardware Solutions (GHS). The ICT service supplier from Leiden strengthens its position with this take over in the European market.
Founded in 1991 with a revenue over €300 million, makes Infotheek Group one of the bigger suppliers of ICT-equipment in our country and in Europe. The company, located in Leiden, supplies hard- and software and related services such as Telecom, Printing, Maintenance & Support and Enterprise Solutions. Infotheek positions itself as a European player in the field of both new, refurbished and end-of-life ICT-equipment. According to Infotheek, they have the biggest refurbishment-centre of Europe. Infotheek Group employs more than 600 people spread over 21 offices in 12 countries*.
Infotheek received a capital injection mid 2016 from Altor Equity Partners, which the company wants to use to further extend its footprint in Europe the upcoming years. In line with this growth ambition, Infotheek announced last week they extended their portfolio with two companies: the British Added Dimension and the Dutch-Polish Global Hardware Solutions.
Added Dimension gives companies, for twenty years now, the opportunity to test new equipment of the big brands before actually buying it. The British company employs 23 people. Global Hardware Solutions (GHS) is an independent reseller of refurbished network equipment, with offices in the Netherlands and Poland. GHS is specialized in products of Cisco, which is an official partner of Infotheek since October. GHS also has 23 employees.
Infotheek Group strengthens its position in the European market and its position as “authority in circular IT”. Stephan Derksen, director Strategy and M&A at Infotheek explains the acquisitions: “Our ambition is to grow as European leader in circular IT and these acquisitions contribute in that. Both companies are strong in buying and selling of ex-demo and used equipment, so make a good fit with our strategy to be active in the full lifetime of the product, included re-use.”
Several consultancy firms, corporate finance boutiques and law firms guided these two acquisitions by Infotheek, among which M&A boutique Hogenhouck, law firm BarentsKrans and accountancy- and consultancy firm PwC.
Infotheek Group | Added Dimension
Hogenhouck, a M&A boutique from The Hague, provided the M&A Advisory in the acquisition of Added Dimension. The deal team consisted of Mark van Beusekom (co-founder of the boutique with Rik Stikkelbroeck) and Freek Arnold. Legal Advisory for Infotheek was provided by a team of professionals of the law firm BarentsKrans, existing of lawyers Rhamsey Croes, Annemiek Hogeterp and Elze van der Minne, notary Robert-Jan Zwaan and junior notary Lisanne Vissers.
Infotheek Group | Global Hardware Solutions
The acquisition of Global Hardware Solutions was also guided by the M&A boutique Hogenhouck with Van Beusekom and Arnold as advisors and Legal Advisory by BarentsKrans (Croes, Hogeterp, Van der Minne, Zwaan and Vissers). Niall Stive and Claudine Maeijer, active at PwC Legal, advised GHS in the take-over by Infotheek Group.
For Hogenhouck, which set a record last year, it was not the first time they advised Infotheek Group. The M&A boutique guided Infotheek Group in April 2016 with the sale to Altor Equity Partners, a private-equity fund from Sweden, in taking a majority stake in Infotheek. Earlier, Hogenhouck was involved in the Management Buy In of CEO Jordy Kool in Infotheek, and in the acquisitions of Condor IT, Nimble, Network2Day and in 2015 of 4Launch by Infotheek.
* Infotheek has offices in Leiden, Barcelona, Mechelen, Ulm, Böblingen, Stockholm, Gothenburg, Vélizy and Milton Keynes.
Source: Consultancy.nl
