Win-win deal will allow focus and continued growth for all parties
London, 10th October 2017 – Logicalis Group, the international IT solutions and managed services provider, today announced it has entered into an agreement to sell its service management consultancy operation (Logicalis SMC) based in the Netherlands to DXC Technology (NYSE: DXC). Logicalis SMC will join the DXC Technology ServiceNow practice within Fruition Partners, a DXC Technology company and a leading global ServiceNow platform.
This transaction will enable Logicalis to continue to have a trading relationship with SMC whilst releasing funds to reinvest in Logicalis’ core operations and further mergers and acquisitions (M&A) activity.
The deal will allow the fast growing SMC to grow further with a new owner whose extensive business activities will complement and support the direction SMC is travelling in.
Eugène Wolf, Logicalis SMC CEO, comments: “Our time with Logicalis has been tremendously prosperous, allowing us to double in size and triple our revenues since Logicalis acquired us in 2013. Joining a ServiceNow specialist like DXC’s Fruition Partners allows us to grow our IT4IT-practice even faster. We are very excited about the next phase of our development.”
Talking about the workforce of 184 Logicalis SMC staff he adds: “All the members of our great team will carry on as before and be part of this next exciting chapter.”
Commenting on the deal, Mark Rogers, CEO Logicalis, adds: “This is a win-win deal for all parties; SMC can continue their growth in the service management consultancy and training arena, DXC will add another strong European arm to their operation and Logicalis will release funds to focus on our core business, as we evolve as a leading digital transformation enabler, and on our M&A ambitions. Meanwhile our customers will benefit from the strong relationship we will maintain with SMC.”
William Blair acted as exclusive financial adviser to Logicalis in respect of this transaction.
Logicalis is an international multi-skilled solution provider providing digital enablement services to help customers harness digital technology and innovative services to deliver powerful business outcomes.
Our customers span industries and geographical regions; and our focus is to engage in the dynamics of our customers’ vertical markets; including financial services, TMT (telecommunications, media and technology), education, healthcare, retail, government, manufacturing and professional services, and apply the skills of our 4,000 employees in modernising key digital pillars; data centre and cloud services, security and network infrastructure, workspace communications and collaboration, data and information strategies, and IT operation modernisation.
We are the advocates for our customers for some of the world’s leading technology companies including Cisco, HPE, IBM, CA Technologies, NetApp, Microsoft, Oracle, VMware and ServiceNow.
The Logicalis Group has annualised revenues of over $1.5 billion, from operations in Europe, North America, Latin America, Asia Pacific and Africa. It is a division of Datatec Limited, listed on the Johannesburg Stock Exchange and the AIM market of the LSE, with revenues of over $6.5 billion.
For more information, visit https://www.logicalis.com/
+44 7789 746060