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Westcoast Holdings to combine Viglen with XMA following acquisition

publication date: Feb 2, 2014
Westcoast Holdings, the privately owned distributor of IT products, has acquired Viglen Technology Limited from Alan Sugar’s Amshold Group. The financial terms of the transaction have not been disclosed.

Westcoast plans to combine Viglen with its own XMA business to form a new £200m plus revenue reseller company serving the education, health and government sectors. Bordan Tkachuk, CEO of Viglen, has taken on a new role as chairman of both companies, with XMA chief Lee Hemani becoming MD. XMA delivered an operating profit of £2.6m for the year ended 31 December 2012, on revenue up 5.1% to £122.0m. Viglen’s margins for the year ended 30 September 2013 were double those of XMA, with the company delivering an operating profit of £2.7m on revenue of £66.2m. The low margins reflect an extremely competitive market place. In October 2013, RM announced it was exiting the PC market following a review of the company’s Education Technology business unit.

Headquartered in Reading, Wescoast is one of the UK’s leading IT suppliers and one of the UK’s top 100 largest privately owned companies. For the year ended 31 December 2012, Westcoast delivered an operating profit of £9.1m on total revenue of £1,047m.

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