Pluz will be merged into SCH’s existing Dutch distributor business, ETC Bestware, to create a new organization called ETC Pluz. The new company will have combined revenue of 335m euros ($425m) and 160 employees, and will be led by Wout Isbout, chief executive of ETC Bestware.
According to a statement from the company, the two businesses are complementary because Pluz is a broad line distributor specializing in the provision of volume enterprise products to value-added resellers and systems integrators. It generates about 235m euros ($298m) revenue, and employs 150 people in three sites.
ETC Bestware specializes in Enterprise systems and has revenue of over 100m euros ($127m). It employs 55 people at headquarters in Bodegraven.
Pluz was formed in 2001 after merging Getronics’ distribution subsidiary Datelcom with Hagemeyer’s Codis activities, with Getronics NV owning 49% and Hagermeyer NV retaining a 51% stake. The agreement in principle for the sale was announced on October 16, 2003.
This article is based on material originally produced by ComputerWire.
