Westcoast has acquired the share capital of Dorset-based IT components distributor Spire Technology.
The distributor will join Westcoast but continue operating as a separate entity, maintaining its current structure and management team.
Westcoast MD Alex Tatham said that one of the main drivers for the acquisition was the lack of crossover with vendors.
“We are strong in the components market, while they focus on branded components and OEM components. They are good at selling processes like motherboards and disk drives, which is an excellent opportunity for us. Westcoast can add value by providing them financial security and a larger customer base, and they bring complementary products.”
He said Spire’s business attitude is similar to Westcoast’s—agile, flexible, and valuing its brand in a reasonably priced market.
“Its focus will give our group a fantastic focal point, especially in the currently hot productive space where bolstering expertise and product portfolio is valuable.
“We have a fantastic relationship with Intel, AMD, Nvidia, and others. However, it’s not just a trading relationship – a marketing and technology relationship where we collaborate, rather than simply a vendor-buyer dynamic.”
Tatham highlights that the takeover is part of Westcoast’s broader growth strategy.
“We want to acquire only businesses that will add value to our operations.
“Westcoast has narrower but deeper relationships with partners and customers than online competitors. Spire has a similar ethos of intimate vendor/partner relationships. Our focus is to be number one from the customer perspective through close engagement with customers and vendors. The acquisition allows Spire to maintain its clear focus and strengths.”
Spire CEO John Appleton said: “Westcoast can only help grow our business, and in return, we can bring a range of accretive components vendors to Westcoast’s significant and diverse customer base.
