European IT distributors Westcoast and ALSO have announced what they are calling a “partnership contract”.
In what appears to be more of an acquisition/merger type of transaction, a deal has been struck that involves Westcoast’s operations in the UK, Ireland and France. This will see Westcoast founder Joe Hemani become a “major shareholder” in ALSO, something the Switzerland-based group said would guarantee continuity.
£4.2 billion distributor Westcoast will continue to operate under its own brand name once the transaction with ALSO – which still requires regulatory approvals – has been finalised. Westcoast’s current operations in Germany and the Netherlands will stay with Hemani.
“This is an alliance of two highly successful businesses sharing the same mindset of growth,” said Hemani. “Over the past 42 years, our company went from strength to strength, and this is how it will remain in the future. The continuity of the business, which is paramount for vendors, customers, and our team alike, is secured with this move.”
