Evros boosts Dell capacity with Comsys buyout
It services company Evros has acquired rival Comsys for an undisclosed sum. Evros is on an acquisition trail at the moment, and managing director Brian Larkin told the Sunday Independent that the rationale behind the deal was to improve the company's capabilities with Dell EMC, a strong partner of Comsys.
Last summer, Evros acquired another Irish company, Inspired, to boost its capabilities with Microsoft technology.
It is focused on providing so-called managed services for businesses, meeting all their IT needs as a single supplier, as well as cloud products.
Larkin said the Comsys deal was paid for in cash, with the potential for another payment if certain targets are met.
Comsys boss Ben McGahon will remain with the business for at least another three years and continue to run that unit, Larkin said.
The Comsys brand will remain in place. That company turns over in the region of €8m-10m a year.
Evros had turnover of €52m last year and employs around 350 staff.
It aims to reach €100m turnover and more than 500 staff by 2019 via a combination of organic growth and acquisitions, Larkin told the Sunday Independent.
"We're very strong in the cloud and managed services arenas, and we're going to take that into the UK in the third quarter of this year. We're looking at various entities over there at the moment," Larkin said.
The company's products are being used in data centres in the UK and it will look to establish a presence on the ground there via acquisition as early as the third quarter of this year, Larkin said.
He said the company is also looking at establishing a presence on the ground in the US. Founded in 1990 and previously known as HiberniaEvros, it has offices in Dublin, Cork and Waterford as well as a software development operation in Ukraine that it acquired as part of the Inspired deal.
Sunday Indo Business