Azlan interims, Datrontech death throes, distie mergers
Azlan, the networking equipment distie to IT training firm, more than doubled its profits to £3.74m (1999: £1.67m) for the six months to September 30. Sales climbed 35 per cent to £261.7m.
Ian Boyle is poised to buy-out Datrontech, the stricken distie, he co-founded with Steve King, according toMicroscope
It cites 'several sources' who say Boyle is the favoured option of receiver Touche Deloitte, because he has offered to buy the entire operation. However, there is also a second 'unknown party' prepared to buy the entire operation, the paper reports.
Receivers Touche Deloitte advertised the company for sale in the FT last week, in which it revealed that turnover was £110m a year, a far cry from its peak when the company hit £110m.
Touche Deloitte advertised three continuing businesses - the components distribution arm for system builders; Portable Add-ons and the Data Connectivity networking equipment distribution arm.
Specialist Computer Holdings (SCH) is merging two of its distribution businesses, Qudis and Elite. The new entity, to be called Interchange Distribution, will target the SME market. ETC, SCH's main distribution business, will focus on bigger resellers and VARs.
Torex has bought Pennine Medical Systems, a supplier of computer systems to GPs, for £1.1m in cash and shares. Based in Halifax, Pennine recorded sales of £1.1m for the year ended March 31, 2000. ®