Westcon acquires Indonesian IT security and networking distributor, Netpoleon
Datatec Limited ("Datatec", JSE/AIM: DTC), the international Information and Communications Technology (ICT) group, announces that its subsidiary Westcon has agreed to acquire the business of PT Netpoleon, ("Netpoleon"), an Indonesian value added distributor of IT security, networking and convergence solutions and provider of managed and training services. Prior to the acquisition, Netpoleon operated as a franchisee of Westcon Group in Singapore. The consideration is not disclosed and will be settled with $1 million worth of Datatec shares and the remainder in cash.
This acquisition builds on Westcon's presence in Southeast Asia and gives Westcon its first significant presence in Indonesia, a large and fast growing market in the region. It will enable Westcon to address its vendors' regional requirements and the needs of its multi-national customers more fully.
Netpoleon has a portfolio of solutions that cover seven vendors and has been operated by the current management team since it started business in 2000. Netpoleon additionally provides customers with a broad array of services, ranging from managed services and maintenance, to implementation and training services. Netpoleon achieved unaudited revenues of $11 million for the year ended 31 December 2011.
Jens Montanana, Datatec's Chief Executive commented:
"Indonesia is a rapidly developing market economy with the fourth largest population in the world. This move into Indonesia's fast growing ICT sector allows Westcon to expand its vendors' regional presence and better service its customers' requirements."Netpoleon's vendor portfolio is complementary and the acquisition offers opportunities for Westcon to expand into this market with its other vendor solutions, bringing significant possibilities for quickly increasing the market's significance to Westcon."