• Home
  • News
  • Reviews
  • Digital technology
  • Cloud
  • Data analytics
  • Digital leaders
  • IoT
  • Opinion
  • Events
  • Whitepapers
  • Newsletters
  • Sign in
  • Events
    • Follow V3 Events

      Sign up to receive email alerts about our events

      Sign up
  • Whitepapers
    • V3resources 120x194
      Network Security Forensics For GDPR Compliance

      An effective network security forensics strategy can assist an organization in providing key compliance-related details as part of any post-incident GDPR investigation.

      Download
      V3resources 120x194
      10 ways to increase productivity with managed Office 365

      For businesses large and small, relying on a cloud-based collaboration and productivity suite such as Microsoft Office 365 is becoming the norm. Enhancing productivity in your organisation is vital to get ahead in 2017 - and using Office 365 can help, if it's used right...

      Download
      Find whitepapers
      Search by title or subject area
      View all whitepapers
  • Data Strategy Spotlight
  • Sign in
  •  
    •  

      You are currently accessing V3 .co.uk via your Enterprise account.

      Personalise your on site experience

      Download and use the apps

      Access your subscription from outside of the office

      Get relevant news and insight straight to your inbox

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • RSS
    • Twitter
    • Newsletters
    • Facebook
    • YouTube
  • Register
  • News
  • Reviews
  • Digital technology
  • Cloud
  • Data analytics
  • Digital leaders
  • IoT
  • Opinion
 
  •  

    You are currently accessing V3 .co.uk via your Enterprise account.

    Personalise your on site experience

    Download and use the apps

    Access your subscription from outside of the office

    Get relevant news and insight straight to your inbox

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
V3.co.uk
  • Web

Azlan buys Dutch distributor and announces healthy interim figures

By Caroline Gabriel

  • Tweet  
  • Facebook  
  •  
  •  
  • Send to  
0 Comments

Pursuing its goal to become a pan-European networking distributor, Azlan has acquired Akam International, a Dutch networks distributor and services organisation.

Azlan will pay up to #29.6 million for Akam. It will pay an initial consideration of #22.6 million, a further #5 million conditional on the new subsidiary meeting performance targets over the next six months, and then a final #2 million if targets are met up to April 1999.

Akam is attractive for its installed base in Holland and Belgium and its range of activities, which complement Azlan's. Akam is best known for network computer training - a market in which Azlan has also been expanding - but also has a large network distribution business and supplies point of sale hardware, consultancy and support services. The company's 1995 turnover was NLG74.9 million (#26.6 million) with operating profit of #1.2 million, and this year Akam says it will make at least #3.4 million in operating profit.

Azlan will aso raise #48.5 million through a three for 10 rights issue that will involve the issue of 8.2 million new shares. This will be used to finance the acquisition, to refinance Akam's #2.5 million debt and to support organic growth, particularly investment in services and training activities in mainland Europe.

Azlan now operates in 11 countries and has 13 training centres in Europe - training accounted for 25 per cent of its pre-tax profit in the first two quarters of fiscal 1996.

In that period, turnover rose 74 per cent to #126.5 million while pre-tax profit was up 36 per cent to #6 million. Gross margin slipped slightly from 24.4 per cent to 24.1 per cent.

Michael Brookes, chairman of the Azlan Group, said in a statement: "Trading in the second half is in line with directors' expectations and, with continuing investment in the development of new products and services, Azlan is creating further opportunities to develop and grow the business. The group continues to look at other small acquisition opportunities."

  • Tweet  
  • Facebook  
  •  
  •  
  • Send to  
  • Topics
  • Web

V3 Latest

First plant to grow on the Moon, err, dies
First plant to grow on the Moon, err, dies

Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night

  • Communications
  • 18 January 2019
Fortnite news and updates: Fortnite made $2.4bn in 2018, according to SuperData
Fortnite news and updates: Fortnite made $2.4bn in 2018, according to SuperData

Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018

  • Software
  • 18 January 2019
Japanese firm sends micro-satellites into space to deliver artificial meteor showers on demand
Japanese firm sends micro-satellites into space to deliver artificial meteor showers on demand

Meteor showers as a service will be visible for about 100 kilometres in all directions

  • Communications
  • 18 January 2019
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data

New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago

  • Communications
  • 18 January 2019
Back to Top
  • Contact
  • Marketing solutions
  • Enterprise IT Events
  • About
  • Terms & conditions
  • Privacy policy
  • RSS
  • Twitter
  • Newsletters
  • Facebook
  • YouTube

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017