Westcon catches Latin American minnow
PrintLogicalis buys out Latin minorities
Posted in IT Channel, 5th October 2007 04:04 GMT
Westcon, the specialist networking distie, is moving into Mexico and the Caribbean for the first time, through the acquisition of Cernet of America, and a sister Mexican company called Cernet Tecnologia en Telecomunicaciones.
It won't break the bank - Westcon's purchase price will max out at $4.65m, gaining it a minnow that has annual revenues of just $1m.
As you might expect, Cernet is a networking distie too: it has 300+ reseller customers throughout CALA, as the Caribbean and Latin American region is sometimes known. Press release here.
Westcon's parent company, the South African IT group Datatec, yesterday also announced that its reseller sub, Logicalis, had bought out the 20 per cent of Logicalis Latin America that it did not already own. Maximum consideration: $6.2 million. More here. ®
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