Dimension Data\u00a0has entered into an agreement to sell its distribution business, Express
\nData, to Australian Securities Exchange -listed hardware distributor, Dicker Data.<\/p>\n
Dimension Data did not disclosed the purchase price.<\/p>\n
The transaction includes the purchase of Dimension Data\u2019s Australia and New Zealand operations of Express Data and Express Online.<\/p>\n
The transaction is subject to Dicker Data shareholder approval,\u00a0and is expected to be completed by 31 March.<\/p>\n
Dimension Data\u2019s CEO, Brett Dawson, said: \u201cThe decision to sell the entity is part of \u00a0Dimension Data Group\u2019s strategy to sharpen its focus. While the resale of technology remains a core element of Dimension Data\u2019s value proposition to clients, physical distribution is typically outsourced \u00a0to specialist distributors.<\/p>\n
“The sale of the company follows our decision to exit the physical distribution
\nmarket.\u201d<\/p>\n
\u201cDicker Data\u00a0will be gaining a great team of 350 employees who have built an outstanding business and have been \u00a0fantastic contributors to Dimension Data over many years,\u201d he said,” Dawson said.<\/p>\n
Dimension Data has said it has an aggressive five-year plan with a focus\u00a0on accelerating into newer areas\u00a0such as managed services, IT outsourcing, and the next-generation data centre while also capitalising\u00a0on the transformational opportunities offered by IT-as-a-service.<\/p>\n
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