Private equity-backed value-added distributor Exclusive Networks Group has made two bolt-on acquisitions.
Exclusive Networks, which is backed by private equity firm Omnes Capital, has bought Turkey-based company Bilișimcim and Terach, which operates in the Benelux region.
It noted that Turkey is expected to be the fastest growing economy of the OECD members during 2012-2017.
Omnes Capital partner Philippe Zurawski said, “By closing three acquisitions in three months, the Exclusive Networks Group will reach its objective of 500 million euros revenue this year.
“With an organic growth of 25 per cent and its acquisitions in the pipe, the Group can consider reaching its objective of 1 billion euros revenue in 2017.”
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