The Channel logo

News

By | Paul Kunert 7th April 2016 10:23

Exertis slurps wireless distie Siracom

Just another notch on the bed post

One of the UK’s bulkiest tech distributors Exertis has piled on a few more pounds by acquiring wireless infrastructure and security minnow Siracom for an undisclosed sum.

Siracom, which also has offices in beautiful Basingstoke, sells products and services from vendors including Samsung, Fortinet and a bunch of lesser knowns. It employs 15 staff that will transfer to their new paymaster.

“The hard work begins now as we set about integrating Siracom and their team into our business,” said IT sales and commercial director Phil Brown.

In calendar 2014, Siracom made an operating profit of £1.15m versus £556, 282 in the prior year, on sales of £14.17m, up 3.8 per cent year-on-year.

DCC-owned Exertis, which is listed on the Irish stock market, has acquired numerous firms in recent years including Computers Unlimited, Gem Distribution and http://www.channelregister.co.uk/2013/10/04/microp_acquires_cohort/.

In the year ended 31 March 2015, Exertis UK - formerly branded Micro P - pulled in £1.49bn in sales including £213m from acquisitions. Organically, turnover shrank from £1.33bn in fiscal ’14.

Gross profit was £96.5m, up from £71.9m a year earlier, and after expenses, operating profit was £31.7m compared to £26m. ®

comment icon Be the first to post a comment! alert Send corrections

Opinion

Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella
Stranded_ships

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral

Features

STRASBOURG, JUNE 29, 2016: The seat of the European Parliament. by Marco Aprile for shutterstock. EDITORIAL USE ONLY
Plan b, image via Shutterstock
EU workers, new markets: post-Brexit pressure on May & Co
Tough question, pic via Shutterstock
Honest mistake with your licensing? Audit police look at it on a 'case by case basis'