German reseller Bechtle has snapped up British hardware procurement VAR Tangible Benefit.
Founded in 1997, London-based Tangible Benefit has a head count of 66 employees and has a core business based around hardware, plug-and-play services and software licensing, security and network services and lifecycle management.
In the 2021/22 fiscal year, the company logged €70 million in revenues.
Company founder, Timothy Trotman, said he would remain with the company for the transition phase to oversee its integration into the Bechtle Group before handing over the reins.
All other senior managers will remain in their current positions at the London office.
The move is part of the VAR giant’s strategy to expand in the UK market. It has already acquired UK IT service provider ACS Systems.
Combined with other offices in Manchester, Northampton and Chippenham, this acquisition now sees Bechtle UK extend its footprint across the UK.
Bechtle EVP France, Benelux, and the UK Konstantin Ebert said: “”I’m deeply impressed by the extraordinary spirit and ambition shown by the highly qualified and motivated Tangible Benefit team. They will be a fantastic addition to the Bechtle family and I’m very much looking forward to facing the future together.”
Tangible Benefit sales director Nick Barrett, added: “Our top priority was ensuring our staff’s future was secure and that our customers could continue to count on us to deliver added value.”
