Dimension Data, an NTT subsidiary that provides ICT services and solutions, is enhancing its reach into Europe by striking a deal to acquire NextiraOne in a two-part transaction. Financial terms of the acquisition were not revealed.
Under the terms of the agreement, Dimension Data will initially acquire NextiraOne's operations in 13 countries: Austria, Belgium, the Czech Republic, Germany, Hungary, Ireland, Luxembourg, the Netherlands, Poland, Portugal, Slovakia, Spain, and the United Kingdom. In the second tranche, the company will acquire NextiraOne's businesses in France and Italy.
After gaining approvals from the EU Competition Commission under the EUMR (EU Merger Regulation), Dimension Data expects that the acquisition will be completed early next year.
The deal gives both Dimension Data and its parent NTT a broader set of solutions including IT security and unified communications services. It will also gain a key service in NextiraOne's data center business, which grew 21 percent year-over-year during the first six months of 2013.
Dimension Data will also be able to leverage NextiraOne's base of vendor partners including Alcatel-Lucent (NYSE: ALU), Cisco (Nasdaq: CSCO), Genesys and Microsoft (Nasdaq: MSFT).
- see the release
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