The Pro AV market is a strategic priority for Exertis and Comm-Tec is a key investment and a European platform to continue to grow.
Headquartered near Stuttgart, the company generated revenues of more than 90 million euros for its last financial year. It has more than 150 employees between its headquarters in Germany, Switzerland, Austria, Italy and Spain, and has a commercial presence in Eastern Europe.
"The Pro AV market is a strategic priority for Exertis, growing from an already strong position in the United Kingdom and Ireland, the Nordic countries and France, along with the recent acquisitions in North America; Comm-Tec is a key investment in our history of continued growth. Provides our customers and suppliers a European platform of first level, which together with the Supply Chain of Exertis business provides us with a global reach in this important and growing sector,"says Gerry O'Keeffe, CEO of Exertis International.
"Comm-Tec is a specialist in providing Pro AV solutions of value added with emphasis on technical support pre and post sale to our customers." It has an excellent reputation in the markets in which it operates. In addition to increasing our presence in continental Europe, this acquisition provides great opportunities for synergies with our Exertis Pro AV Solutions division in other countries. The acquisition will provide our customers a greater range of products and services, and Exertis-aligned with our partners/suppliers, who increasingly are looking for companies that can help them achieve their ambitious international plans on Pro AV/IT", adds O'Keeffe.
Comm-Tec provides a wide range of Pro AV solutions encompassing hardware solutions for collaboration for presentations, digital signage, and signals and control management; tools for installation such as racks and stands. The company has relations in Spain with a wide range of suppliers including boat, Dataton, ClearOne, Brightsign, Chief, Gefen, Middle Atlantic, Newline and Datapath, among others.
After the completion of the acquisition, Comm-Tec management team will be reporting to Eric Bousquet, director general of Exertis Commercial Western Europe.
"This is a great opportunity for our business and employees to be part of an organization that has clearly demonstrated its desire to grow both organically and through acquisitions. Also provides great benefits for our customers and suppliers for the potential to expand our range of products and services to meet the growing needs of collaboration of end users in today's work environments ", said Rainer Sprinzl, Comm-Tec CEO."
DCC is an international group that focuses on sales, marketing and services of value with a clear focus on performance and growth. Opera through four divisions: LPG, Retail & Oil, health and technology.
Exertis is the leading technology distributor of consumer products and solutions for companies of first level technology brands, and a subsidiary of DCC PLC, a FTSE 100 company matrix. After 37 years, it maintains high standards of performance and profitability, with a revenue of £ 3.631 million in the fiscal year 2019.
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