How much? Who knows. EC gagging order on DiData acquisition continues....
But integrator whispers that NextiraOne buy will be split in two stages
Dimension Data will only chow down on the entire European organisation of NextiraOne once certain sales criteria are met, the South Africa-HQ'd NTT-owned integrator whispered to us as the European Commission comms blockade continues.
Acquisitive DiData has emerged as a suitor of the comms and networking reseller NextiraOne but it was bizarrely the EC that took the news public, announcing the proposed buy on its list of M&A activity yet to be approved.
A spokeswoman at DiData has since sent The Register a statement, confirming the buyout of the business has been split into two stages.
"The first tranche includes [NextiraOne] companies in Austria, Belgium, the Czech Republic, Germany, Hungary, Ireland, Luxembourg, the Netherlands, Poland, Portugal, Slovakia, Spain and the UK," she said.
She added that the second wave would "consist" of the operations in France and Italy, and "is subject to the achievement of performance conditions in the near future".
It did not disclose the exact nature of those criteria or the size of the bid which has been tabled.
The EC has a deadline to approve or reject the planned acquisition by 14 January. Until that point, DiData has been told to keep schtum and NextiraOne is following its prospective new parent's lead. It released a similar statement on the two-part deal on its website yesterday.
NextiraOne – a top tier Cisco, Microsoft and NetApp channel partner – operates in a total of 15 countries across Europe, and is owned by private equity backer ABN Amro Capital France who supported an MBO in 2006.
DiData was itself acquired by Nippon Telephone & Telegraph for $3.2bn in 2010. ®
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