Julien Eichinger - stock.adobe.c
Acquisitions have already yielded results for Exertis and the firm has chosen to expand further into Europe on the same day its parent DCC has shared results for its fiscal year.
Exertis is looking to buy Amacom, a supplier of consumer electronics and small domestic appliances to retail, etail and B2B resellers, thats based in the Netherlands but sells across Europe and Comm-Tec an AV specialist in Germany.
That move came after the DCC numbers for the year ended 31 March indicated that the Technology division, including Exertis, registered a 35% increase in operating profits to hit £64.7m.
"DCC Technology’s acquisition of both Comm-Tec and Amacom significantly enhances our business in Continental Europe and will strengthen our relationships with suppliers and customers in the region," said Donal Murphy, Chief Executive of DCC.
"Following the equity placing completed during the year, DCC has a very strong and liquid balance sheet, leaving the Group well placed to continue its targeted acquisition strategy. The Group continues to have the platforms, opportunities and capability for further development across each of our four divisions. We expect that the year to 31 March 2020 will be another year of profit growth and development for the Group,” he added.
The 35% increase in profits at DCC Technology came from contributions from acquisitions and strong organic growth. The firm saw business in the UK and Ireland gain market share gains with its "value-added services proposition" generating business.
Exertis has used acquisition as a method of extending its reach over the last few years and back in March 2018 picked up Hypertec. and in the past has splashed out for AV player Medium, wireless distie Siracom and storage player Hammer.