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Exertis forks out £110m for double acquisition
2 monthes ago - By Mobile News CWP
Kondor will resume operations with its 250 members of staff
Exertis parent firm DCC has made two acquisitions today. UK mobile accessories distributor Kondor and US-based audio-visual distributor Stampede for a combined £110m.
DCC expects the acquisitions to generate a return on capital of 15 per cent in the first full year of ownership.Exertis is the technology arm of DCC, both firms will fall in line with Exertis' operations.
Dorset-based Kondor will resume operations with its 250 staff, as previous financial backer H.I.G Capital vacates for DCC.
Kondor distributes phone cases, bluetooth...
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