Esprinet completes acquisition of Vinzeo Technologies

With this transaction, The Italian wholesaler reinforces its telephone offer and its customer portfolio, in addition to acquiring Vinzeo's value IT business, such as the Hewlett-Packard Enterprise distribution contract, and data center to complement your current business in Spain.

Esprinet has completed the acquisition of IT and mobile device distributor, Vinzeo Technologies. With this transaction, together with the purchase of the Italian value company EDSlan, pro forma billing 2015 of the Group reaches 3,3 billions of euros.

Vinzeo maintains important distribution contracts in the ICT volume market - with HP, Samsung, Acer, Asus, Toshiba and Lenovo- and in the value market, principalmente con Hewlett-Packard Enterprise. From 2009, has been a distributor of Apple products, including iPhones (from 2014) y Apple Watch (from 2015).

The scope of the transaction only includes wholesale distribution activities and accordingly, and according to Management, pro accounts show sales around 584,4 million euros and a reported EBITDA of 7,5 million.

With this transaction, Esprinet reinforces its telephone offer, client portfolio and acquires Vinzeo's IT value business, such as the Hewlett-Packard Enterprise distribution contract and data center contracts to complement its current business in Spain.

The company hopes to generate important synergies from this transaction mainly due to doubling the scale of its Spanish operations..

Esprinet, which has recently entered the Portuguese market, has carried out a strategy that focuses on business-to-business ICT distribution, with the aim of achieving leadership in each country where the Group operates. At the end of September it will present to the financial community a business plan for the coming years, in order to share financial objectives and future development plans.

As announced in the agreement signed by Esprinet with the IBV Corporation (formed by BBVA and Iberdrola), and that was advanced by Digital AV Magazine, this operation, valued at 57,6 million, 74 million euros including all expenses, only includes wholesale distribution activities. Both companies will operate independently and the management teams will remain with María García as general director of Esprinet Ibérica, and Javier Bilbao, in Vinzeo.