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Anixter retires from European reselling business

South African buyer...and it's not Datatec

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Anixter International, the US networking and cabling distributor, is selling off its European network integration unit… because it says the $80 million t/o business is too small. The company is selling ACI (Anixter Communications and Integrations) to South African Persetel Q DataHoldings, for an undisclosed sum. The two companies will handle multinational customers through a referral agreement. Persetel Q DataHoldings’ European businesses include Telemation in Germany, ComTech in Belgium and Luxembourg, Datelec in Switzerland, Nomea in France, and its “recently expanded” holdings of Comparex. Robert Grubbs, president and chief executive officer of Anixter International, said it became increasingly clear that “in order to succeed we needed to obtain significantly more critical mass more quickly. "We believe the transaction with Persetel Q Data Holdings will quickly provide the business with much of the critical mass it needs to succeed.”®

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