Datatec announces the sale of its Westcon-Comstor business in North America and Latin America (Westcon Americas) and of 10% of the remaining part of Westcon-Comstor (Westcon International) to SYNNEX Corporation. The proceeds of the Transaction comprise US$630 million in cash on completion and up to US$200 million payable as a cash earn-out, subject to Westcon Americas meeting certain agreed gross profit performance targets. The maximum consideration of $830 million equates to an equity valuation of the total Westcon-Comstor division of $1.1 billion.
Logicalis makes two acquisitions throughout the year. Logicalis and its Indonesian partner Metrodata, acquired a majority stake in Packet Systems Indonesia (PSI), a leading ICT systems integrator and service company. It also acquired a 51% stake in NubeliU, a South America based company specialising in cloud computing projects based on OpenStack.
Logicalis realised significant value from the sale of its non-core SMC consulting business to DXC Technology Company for US$42 million. Logicalis acquired SMC in March 2013 as one of the four European operations purchased from 2e2. The purchase price attributed to SMC was US$5 million. This represents an eight fold return on investment which represented a valuation of one times trailing revenues and 15 times trailing EBITDA.
Analysys Mason acquired 100% of the share capital of Nexia Management Consulting AS, a telecoms management consultancy company registered in Norway.