Purchase of Singapore based VAD extends global footprint in APAC; Delivers combined revenues of >1bn€
LONDON, UK & SINGAPORE – January 12th 2016 – Exclusive Group, the global value-added services and technologies (VAST) group, today announced the acquisition of Singapore HQ’d cybersecurity and infrastructure VAD, Transition Systems. The acquisition, the largest in its history, adds a further 18 offices in eight countries including: India, Indonesia, Malaysia, the Philippines, Thailand and Vietnam. With offices already in Australia and New Zealand, the move significantly expands the Group’s presence and penetration in the APAC region, and – with 50% of Transition Systems’ portfolio matching that of Exclusive Networks – the deal mirrors the profile of previous acquisitions where the benefits of scale and reach were immediately and positively realised.
The acquisition of Transition Systems brings the total size of the Exclusive Group to over 1,200 employees and 1bn€ annual revenues; 25% of which will now come from the APAC operations.
Olivier Breittmayer, CEO of Exclusive Group said: “Asia is crucial for the expansion of our global strategy and this acquisition gives us a great platform to grow throughout the region in the coming years. Transition Systems is a large, influential regional player with similar business DNA to our own, as well as having important vendors, technologies and a very strong value-adding culture in common. We have every confidence in the existing management of the business to continue applying its successful formula under its new Exclusive Networks brand in tune with our global VAST strategy.”
“This marks a significant opportunity for our partners, customers and people as we become part of the global Exclusive family and continue the journey we started back in 1999,” said Jonathan Juay, Group Managing Director of Transition Systems. “With the resources and support of the Exclusive Group we can remain committed to our value-adding principles, innovate new solutions and services tailored to local market needs, and invest for greater expansion in the future. We are already looking at starting BigTec, Exclusive’s hyperconvergence business unit, into several countries here, and exploring synergies with strategic Exclusive vendors and global SIs.”
Exclusive Group’s unique business model generates value for vendor and reseller partners by continually challenging and disrupting VAD approaches, both through its choice of innovative technology solutions and its evolution of new value-added services. “To achieve this on a truly global scale is a first for our industry,” added Breittmayer. “This acquisition adds significant capabilities to our overall proposition. Now our partners around the world have greater in-country presence to support global projects across Asia, while conversely our Asian reseller partners have the full spectrum of Exclusive Group services to support their deals into more than 100 countries worldwide.”
The acquisition of Transition Systems follows the Group’s remarkable track record of success in identifying and acquiring ‘like-minded’ businesses and supporting their continued entrepreneurial success as distinct parts of a coherent, federated organisation.
About Exclusive Group
Exclusive Group is the value-added services and technologies group accelerating the growth of disruptive and innovative technologies around the world. Its people are committed to the high-growth imperatives of ambitious IT vendors and fuelled by a strong culture of ambition, entrepreneurialism and sustainable growth.
With 49 offices across five continents and presence in over 100 countries, Exclusive Group brings all the essential elements of a proven winning strategy for market entry and growth. Redefining value and enabling new market opportunities through “Disruptive Distribution” is at the heart of the Exclusive Group proposition through its cybersecurity brand, Exclusive Networks and datacentre transformation division, Big Technology. This is complemented by extensive and innovative global services capabilities for project deployment and support (ITEC), and comprehensive, integrated commercial leasing offerings delivered by Exclusive Capital.
About Transition Systems
Founded in 1999, Transition Systems is a regional distributor of technology products.
Transition partners with selected world-class manufacturers to provide resellers with best-of-breed quality products.
Transition’s expertise and focus in IT solutions, customer service and technical support makes it uniquely positioned to deliver highly value-added services and support to our resellers. Headquartered in Singapore, Transition Systems has offices across Asia.
Notes to Editors
Today Exclusive Group announces its acquisition of Transition Systems Asia including all of its subsidiaries. Transition Systems Australia Pty is included in the acquisition and will therefore be majority owned by Exclusive Networks Asia Pacific. The company will continue to operate as Transition Systems Australia in its entirety until further notice.
For more information contact:
Andy Crisp/Jacob Petterson