Westcoast and ALSO Holding AG announce partnership
July 25, 2024
ALSO Holding AG has signed a partnership contract with Westcoast Ltd., marking a significant milestone in its strategy for sustainable, profitable growth.
The UK is the sixth largest economy in the world. Founded in 1983, Westcoast Ltd. is a provider for many vendors and customers in the country’s ICT industry. With a turnover of £4.2 billion ($5.41 billion/ €4.99 billion) in 2023, the Westcoast Group has once again proven its impressive performance.
The deal covers its operations in Great Britain, Ireland and France.
Westcoast chairman Joe Hemani stated: “This is an alliance of two highly successful businesses sharing the same mindset of growth. Over the last 42 years, our company went from strength to strength. And this is how it will remain in the future. The continuity of the business, which is paramount for vendors, customers, and our team alike, is secured with this move. I am excited to play an active role during what I know will be a smooth transition and beyond.”
Continuity is also guaranteed by the fact that Hemani will be one of ALSO’s major shareholders in the future and that the company keeps operating under its brand name. Westcoast’s current operations in Germany and the Netherlands will stay with Hemani.
The deal, which is still subject to the standard regulatory approvals, marks a significant milestone in ALSO’s track record of sustainable profitable growth. The Swiss-based company has developed its own “Transformative Integration” programme, which was the basis for nearly 30 acquisitions over the last 12 years.
Gustavo Möller-Hergt, Chairman of the Board of Directors of ALSO Holding AG said: “We already have a successful collaboration, providing over 1.5 million seats to end customers of Westcoast with access to the cloud via the ALSO Cloud Marketplace. This next level opens exciting opportunities for us to scale our business and benefit from the expertise of the UK team; for our customers it means the highest level of expertise in IT provisioning, cutting-edge infrastructure solutions, and services via digital platforms such as cloud, AI, IoT and cybersecurity.”
Categories : City News
Tags : ALSO Business Partnership UK Westcoast
