Hagemeyer and Getronics merge their hardware distribution activities.Business & High-Tech Editors NAARDEN, The Netherlands--(BUSINESS WIRE)--Sept. 4, 2000 Hagemeyer N.V. announces that it is in discussion with Getronics N.V. about merging their Dutch ICT (1) (Information and Communications Technology) An umbrella term for the information technology field. See IT. (2) (International Computers and Tabulators) See ICL. 1. (testing) ICT - In Circuit Test. hardware distribution companies, which trade under the names Codis (part of Computerij Groep) and Datelcom (part of Getronics). Both parties are working towards finalising the transaction during the fourth quarter. The joint venture, with annualised sales in excess of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 450 million and 225 employees, will distinguish itself as the market leader in the Netherlands in ICT distribution activities to Value Added Resellers See VAR. (company) value added reseller - (VAR, or "value added retailer") A company which sells something (e.g. computers) made by another company (an OEM) with extra components added (e.g. specialist software). and System Integrators See systems integrator. . Within the present ICT market, critical size is essential. Hagemeyer will incorporate into the joint venture its Codis distribution activities of top brands in the field of hard- and software, and Getronics will add its Datelcom network and service expertise. The joint venture will primarily be active in the Dutch market where it has a broad base. By combining the activities of both parties, logistic lo·gis·tic also lo·gis·ti·cal adj. 1. Of or relating to symbolic logic. 2. Of or relating to logistics. [Medieval Latin logisticus, of calculation and operational synergies will be realised. The possibility of attracting new equity partners for future growth of the new joint venture is being kept open. Naarden, September 4, 2000 HAGEMEYER N.V. Board of Management |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion