Logicalis Group, the international IT solutions and managed services provider, announced that it has agreed to acquire Inforsacom, a German IT services and solutions provider.
Inforsacom is a provider of database, storage and back-up solutions and services with operations in the major economic centres of Germany, and works with major partners including Oracle, EMC, IBM, HP, HDS and Symantec.
Logicalis' existing operation in Germany will be significantly enhanced by the acquisition of Inforsacom which will expand Logicalis' presence in the German IT market and provide it with the necessary business to scale the operations in that geography.
James Tay, Chief Executive Officer, Logicalis Asia said,"Logicalis' acquisition of Inforsacom provides the perfect opportunity to complement and build on our offering in Europe. Storage and database are two segments that are showing rapid growth in
Germany, and we view this acquisition as the best move towards broadening our IT solutions and services portfolio and position us as a significant player in the German IT market."
The acquisition is subject to the approval by the German Competition Authorities and the South African Reserve Bank and is expected to be finalised in January 2015.
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