The Channel logo

News

By | John Oates 23rd August 2010 13:11

Biz services group borgs French distie

Irish distie says oui

Irish distributor and business services group DCC has bought French consumer distie Comtrade SA for €11.4m.

Comtrade employs 65 people and flogs iPod docking stations, portable hard drives, speakers and other computer accessories.

DCC group's Sercom division is moving to extend its product and market reach.

The French firm made a profit of €3m on revenues of €65.2m for the year ended 31 December 2009. DCC gets a 74 per cent stake in the company and hopes to close the deal in October. There is a three-year earn out deal - if Comtrade hits targets then DCC will acquire the remaining shares at the end of each financial year up until 2013.

Tommy Breen, chief executive of DCC, said there was an excellent fit between the two businesses.

The takeover needs approval from French regulators. ®

alert Send corrections

Opinion

Memristor_wafer

Chris Mellor

Execution warrant close to being signed for Fink's folly
Woman cuddles 'sly-looking' Fennec fox. Photo by Shutterstock
Cartoon of employee asking wky boss makes hium wear suspenders (while pincer through open trapdoor remains poised above his head) illustration by Cartoon resource for Shutterstock

Frank Jennings

It's not like my boss painstakingly nurtured the contacts, right?

Features

Girl and computer, photo via Shutterstock
Middle-class terror of engineering also part of problem
Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world