Dimension Data has completed the acquisition of European multinational business solutions and communications services company, NextiraOne.
The buy will give the South African founded firm access to over 43,000 private and public sector clients across Europe, the company said in a statement issued on Tuesday (4 February).
DiData, which was taken over by Nippon Telegraph and Telephone, in 2010, will take over NextiraOne’s businesses and 1,850 employees in two parts:
In the first part, the company will take over operations in Austria, Belgium, the Czech Republic, Germany, Hungary, Ireland, Luxembourg, the Netherlands, Poland, Portugal, Slovakia, Spain and the United Kingdom.
The second part will see the acquisition of operations in France and Italy in mid-2015, depending on certain performance conditions.
According to Dimension Data group CEO, Brett Dawson, the group aims to double its revenue over the next five years to US$12 billion.
The company’s future strategy is to take the combined portfolios of both companies to the small and medium business, commercial, public sector, and enterprise markets, Dawson said in the statement.
“The purchase of NextiraOne is the first major step on this five-year journey,” he said.
NextiraOne will be rebranded to Dimension Data over the next three months, with the groups’ Europe CEO, Andrew Coulsen maintaining his role and leading the integration.
Dimension Data did not disclosed the cost of the acquisition.