Getronics acquired by strategic investor Bottega InvestCo S.à r.l
London, UK 6th July 2017 – GETRONICS acquired by strategic investor Bottega InvestCo S.à r.l. The majority shareholder of Bottega is the US/Brazilian entrepreneur Nana Baffour, who operates in the IT services market through Grupo Cimcorp in Brazil; prestigious financing partners include White Oak Global Advisors, Permira PDM and H.I.G. WhiteHorse. Getronics Group was formally under ownership of AURELIUS. The transaction should be completed in the next few days.
Substantial growth under the roof of AURELIUS through organic growth and strategic add-on acquisitions.
The Getronics Group’s geographical presence and product portfolio were expanded considerably through five add-on acquisitions completed as part of a strategic acquisition program under the roof of the AURELIUS Group. The last new addition to the Getronics family was CMC (Colt Managed Cloud), the cloud business of Colt Group S.A., in April 2016. With the integration of CMC, a Europe-wide leading provider of cloud and hosting services, Getronics expanded its European cloud business considerably. With 4,500 employees, the Getronics Group generates revenues of approx. EUR 500 million in 20 countries on three continents.
“We are delighted that our digital growth strategy is secured with long-term investment to enable the journey to continue, backed by a new industry expert investor in Mr Nana Baffour. Our customers are at the heart of everything we do, both locally and via our Global Workspace Alliance (GWA), we will therefore continue to focus on customer satisfaction as a key ingredient to our future growth strategy, which is further strengthened by our new investor”, said Mark Cook , Getronics Group CEO
Bottega InvestCo has extensive experience with IT services
Nana Baffour has made numerous investments in ICT companies in the United States and South America. He is being supported in this transaction by prestigious financing partners such as White Oak and Permira. “The Getronics Group is of a significant scale and very well positioned with an innovative solutions portfolio that is aligned with client needs and the impact of technology in changing the world. I am particularly looking forward to working with its more than 4,500 employees across the world. We will build on the excellent work of AURELIUS and systematically continue to align the Getronics Group with the convergence of workspace, applications and the cloud and drive its global growth further. As we move into the next growth phase of Getronics, we will continue to be a great transformation partner for our clients, technology partners and employees”, said Nana Baffour.
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The Getronics family is an ICT Services group consisting of the Getronics and Connectis brands. With an extensive history that extends over 125 years, the Getronics family has nearly 4,500 employees in 22 countries across Europe, Asia Pacific & Latin America, and has a complete portfolio of integrated ICT services for the large enterprise and public sector markets. This includes Workspace, Applications, Unified Communications, Data Centre, Cloud, Consulting, Partner Technology, Managed Services and Security.
Getronics is a leading member in the Global Workspace Alliance, a unique model that provides customers with a consistent IT service throughout the world, with one single point of contact and billing entity, delivering services to over 100 countries. The GWA manages 9.9m workspace assets globally, and was ranked number 3 by OVUM among other leading global vendors for workplace management.