Danish components distie EET has acquired French competitor Europarts for an undisclosed sum as it seeks to build out a wider pan-EMEA business outside its Nordic home.
"This acquisition manifests our strategy to grow our business outside the Nordics and we expect countries like France, Italy, Spain and [the] UK to be some of the largest entities within the EET Group," explained CEO John Thomas.
The purchase adds €50m (£40.3m) of sales to EET's books, taking its annual run rate to around €200m, and introduces it to several new markets, mostly in eastern Europe and Africa. Current CEO Fabrice Castaing will remain on board as vice president.
"We will integrate the largest entities before the summer holiday and expect all entities and new countries to be integrated before the end of September," Thomas added.
Europarts specialises in spare parts for a number of key industry players including Acer, Cisco, Hitachi, HP and IBM.
A a spokesman at EET's UK arm declined to comment on the future of Europarts' local operation, which is based in South London.