Exclusive Networks Group Maintains Growth Momentum with Second Strategic Acquisition in as Many Months
PARIS – December 4th 2013 – Terach, the successful value added distributor of security and networking solutions for the Benelux enterprise market, has been acquired by Exclusive Networks Group. The acquisition will create a critical mass in the region, and is another milestone in Exclusive Networks Groups’ strategic growth strategy to become the largest independent pan EMEA Value Add Distributor with €1bn revenue by the end of 2017.
The acquisition sees Terach’s Managing Director Warner Nedermeijer assume the role of General Manager of Exclusive Networks Netherlands, working closely with Kris Van den Bergh as Group General Manager for the Benelux region.
“Terach is a successful and well respected business both within the Benelux region and among the global vendor community,” said Olivier Breittmayer, CEO of Exclusive Networks Group. “This acquisition is an important milestone for us as we continue to execute on our vision to be the market accelerator for disruptive and innovative IT security and networking technology companies in the EMEA marketplace. Terach’s complimentary products, vendors and skills sets, alongside our vision and expertise, will enable real value to be provided to our reseller and vendor partners within the region.”
“Our two companies compliment each other very well,” explains Warner Nedermeijer. “We have built up a strong brand in the Netherlands and Belgium and believe that this partnership will strengthen our market share further as we enter into 2014. The quality of our people and relationships is what has made us successful, and it is pleasing to know that Exclusive Networks values and understands this just as much as we do.”
The acquisition accelerates both organisations’ growth, and reflects the increasing market opportunity in the Benelux region. It also comes one month after the successful acquisition of Secureway in Dubai, which extended the Group’s reach into the Middle East, and concludes a successful 2013 for the Group.
“Terach has been built on strong foundations through offering best of breed products and services alongside extensive knowledge and experience,” continues Kris Van den Bergh. “With the backing of Exclusive Networks Group, we will continue to expand our expertise and infrastructure which will help us extend our reach and services to existing and new VAR partners, who can deliver on the increasing demand for our products.”