DCC Technology (aka: Exertis) announced today the acquisition of COMM-TEC GmbH, one of the biggest pro AV distributors in Europe. Headquartered east of Stuttgart, the company generated over €90 million revenue in its last financial year. It employs over 150 staff across Germany, Switzerland, Austria, Italy and Spain and with sales operations in Eastern Europe.
Gerry O’Keeffe, Exertis International managing director says of the acquisition, “Pro Audio-Visual is a strategic priority for Exertis, growing from an already strong position in the UK&I, Nordics and France, along with recent market leading acquisitions in North America; COMM-TEC is a key investment in our continuing growth story. COMM-TEC provides Exertis’ customers and vendors with a first-class European platform and together with Exertis’ Supply Chain Solutions business gives us global reach in this important and growing category.”
“COMM-TEC is a specialist in providing value-added Pro AV solutions with an emphasis on pre and post sales technical support for its customers. It has an excellent reputation in the markets in which it operates. In addition to increasing our presence in continental Europe, this acquisition provides great synergy opportunities with our Exertis Pro AV Solutions divisions in other countries. The acquisition will provide our customers with increased range of products and services and aligns Exertis with our vendor partners who are increasingly looking for companies that can support them in realising their international Pro AV and IT ambitions.”
COMM-TEC provides a range of Pro AV solutions that encompass: presentation hardware, digital signage and media solutions, signal management, conference and control and racks and mounts. The company has relationships with a wide range of vendors including Barco, Brightsign, Chief, Gefen, Middle Atlantic, Newline and QSC. COMM-TEC’s experienced management team will remain after the completion of the acquisition reporting to Eric Bousquet, managing director, Exertis commercial western Europe.
Rainer Sprinzl, COMM-TEC, managing director, said, “This is a great opportunity for our business and our employees to be part of an organisation that has clearly demonstrated its desire to grow both organically and through acquisition. Equally, it has great benefits for our customers and vendors with the potential to extend our product portfolio and service offerings to meet the increasingly collaborative requirements of end users in today’s workplace.”
Wolfgang Lenz, COMM-TEC, founder and managing director, said “During more than three decades, we have built a great business at COMM-TEC which is testament to all the team’s hard work and dedication. This next step in our journey presents an excellent opportunity to develop our business further and take advantage of the synergies available in being part of the Exertis group.”
Source: Rave Publications – A Great Source for AV News