Rotla BV (“Rotla”) – a company controlled by Altor Fund IV and Kool Active B.V. – has entered into an agreement to divest Centralpoint Holding B.V. (“Centralpoint”), the market leading IT value added reseller in the Benelux region to Dustin Group AB (“Dustin”). Dustin is a leading online IT partner serving the Nordic region and the Netherlands.
Centralpoint had revenues of about EUR 700m in 2020 and offers IT hardware, software, services and solutions to SMB, mid-market, enterprise and public sector customers. “We are proud of the journey with Centralpoint where we in our strong partnership with Jordy Kool and together with a strong management team, have created the market leading IT value added reseller in the Benelux region.” says Stefan Linder Chairman of the Board of Rotla and Partner at Altor. “We are now excited to have found a great new home for Centralpoint in Dustin, that complements Centralpoint’s offering in the Benelux region perfectly”.
“I’m proud of having led Centralpoint from its creation in 2017 and of the truly great company we have built. Through the hard work of our exceptional employees, we have solidified our position as the leading IT value added reseller in the Benelux region. In Dustin we have found a strong next owner with an ambition to further expand the offering to our customers and to accelerate growth in the Benelux region, organically and through acquisitions. The two companies complement each other perfectly and together we are ready to keep on building on our leading position. I’m excited to enter into the next phase of growth with Centralpoint.” says Luuk Slaats, CEO of Centralpoint.
“With Centralpoint we become the leading IT-partner in the Benelux region, continuing to build on our strategy of combining hardware and software sales with an attractive service offering to offer complete IT solutions. We see great potential in building on Centralpoint’s strong position within large corporate and public sales, combined with our current portfolio of offerings towards small and medium sized businesses and with that continuing to scale our online sales.” says Thomas Ekman President and CEO of Dustin.
Closing of the acquisition is subject to compliance with works council proceedings and customary closing conditions, including merger control clearance from the Dutch competition authority.
Jefferies International acted as exclusive financial advisor to the seller.
For more information please contact:
Tor Krusell, Head of Communications at Altor, Tel: +46 70 543 87 47
Centralpoint, headquartered in the Netherlands with presence in Belgium, has revenues of about 700 million EUR and employs ca 600 people. Centralpoint is the market leading IT value added reseller that provides hardware, software, services and solutions to SMB, mid-market, enterprise and public sector customers in the Benelux region. Centralpoint adopts a customer centric approach and works vendor independently.
Since inception, the family of Altor funds has raised some EUR 8.3 billion in total commitments. The funds have invested in excess of EUR 4.2 billion in more than 60 companies. The investments have been made in medium sized companies in Northern Europe with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Byggmax, CTEK, Eleda, Navico, OX2, RevolutionRace, Rossignol, SATS, and Trioworld. For more information please visit www.altor.com
Dustin is a leading online IT partner serving the Nordic region and the Netherlands. Dustin offers approximately 255,000 products with related services to companies, the public sector and private individuals. Dustin Group currently employs about 1,700 people, had sales of approximately 13.2 billion SEK for the financial year 2019/20 and has been listed on the Nasdaq Stockholm since February 2015. Dustin has its headquarters in Nacka Strand just outside central Stockholm.