Bechtle AG has acquired value-added reseller Tangible Benefit Ltd. Founded in 1997, the London-based company’s core business is hardware procurement including related plug-and-play services and software licensing, complemented by security and network services and lifecycle management.
Tangible Benefit’s rationale for selling its profitable business is to secure a succession plan along with attractive development potential for its 66 employees. Company founder, Timothy Trotman, will remain with the company for the transition phase and will closely oversee its integration into the Bechtle Group together with James Napp, Managing Director of Bechtle direct UK, before handing over the baton. All other senior managers will remain in their current positions, guiding operations at the London office.
With this acquisition, Bechtle is staying on course with its previously announced strategy for international growth. After acquiring UK IT service provider, ACS Systems, in November last year, Bechtle is adding a company to its fold that offers a very similar portfolio to that of Bechtle UK. By joining forces, Tangible Benefit and
Bechtle are also creating an even stronger link between major vendor partners and the UK’s B2B customer landscape. The new location also gives Bechtle a regional presence in the London market and an expanded customer base in the corporate space, which will benefit strongly from Bechtle’s international capabilities. Combined with other offices in Manchester, Northampton and Chippenham, this acquisition now sees the IT company extend its footprint across the UK.
Bechtle has been enjoying success in the UK for over 20 years, offering enterprise and public sector customers a broad portfolio of hardware, software, solutions and services. With Tangible Benefit, Bechtle employs some 280 staff across four sites in the country. Consolidated revenues total around 200 million euros.
