Following the receipt of all necessary regulatory approvals, including merger clearance without restrictions from the European Commission, Westcoast and ALSO are set to complete the transaction by 28 February 2025.
With a total addressable market (TAM) of 16 billion euros, the UK ICT industry stands as one of the world’s most dynamic and attractive markets, fueled by its culture of innovation, robust infrastructure, highly skilled workforce and strategic proximity to leading US vendors.
As the UK’s leading technology provider, Westcoast brings a highly complementary and accretive business to ALSO’s expanding ecosystem, including attractive new vendors. In 2024, Westcoast generated approximately 4.2 billion euros in revenue and 73 million euros in EBITDA across its British, Irish and French operations. Its fast-growing cloud business, serving a high amount of unique users with an even higher potential, provides opportunities for future growth, leveraging ALSO’s new platforms and technologies such as AI, IoT, virtualization, and cybersecurity. At the same time, Westcoast’s e-commerce segment holds significant expansion potential, further enhancing digital sales capabilities and extending market reach.
To ensure continuity and drive further expansion, Westcoast’s experienced management team will remain in place, working closely with ALSO to seamlessly integrate operations and capitalise on new market opportunities. Particularly in France, this collaboration is expected to generate strong synergies, enhancing operational efficiencies and accelerating growth in key sectors.
Joe Hemani, Chairman of Westcoast: “This is an alliance of two highly successful businesses sharing the same mindset of growth. Over the last 42 years our company went from strength to strength and this is how it will remain in the future. The continuity of the business which is paramount for vendors, customers and our team alike is secured with this move. I am excited to play an active role during what I know will be a smooth transition and beyond.”
Gustavo Möller-Hergt, Chairman of the Board of Directors of ALSO Holding AG (SIX: ALSN): “Over the past 14 years, we have built a strong and resilient ecosystem. This partnership with Westcoast marks a significant milestone, allowing us to combine our strengths and create an even more powerful force in the industry. Together, we will become the largest European technology provider. This provides a solid foundation for sustainable, profitable growth, and both teams are looking forward to unlocking the many opportunities ahead.”
