Westcoast is to acquire German company KOMSA.
In what is being pitched in the first instance as a “strategic partnership”, Westcoast will take over the shareholding of KOMSA over the next two and a half years, with its initial investment expected to be finalised by early 2023.
The combined group will have annual revenue of around €5.5 billion (£4.8 billion) and plans to tap into each distributor’s respective strengths in the IT and telecoms channels. Westcoast said the transaction will allow it to access the German market, where it does not have a significant presence, while KOMSA is eyeing growth in countries such as the UK and France.
KOMSA CEO/CFO Pierre-Pascal Urbon will become Chairman of Westcoast’s board once the deal has been consummated.