Pan-European VAD Infinigate has acquired a majority stake in Australian IT distributor Wavelink, expanding its presence in the Australia-New Zealand (ANZ) region.
Infinigate, which reported €2.3bn in revenues for 2023-2024 and operates in over 100 countries, will support Wavelink's growth.
Klaus Schlichtherle (pictured), CEO of the Infinigate Group said: “The strategic investment in Wavelink opens up a door into a new important market for Infinigate, beyond EMEA, in line with our global expansion plan.”
For Wavelink, this investment will accelerate its growth, providing it access to Infinigate's resources and systems.
Wavelink, experiencing double-digit growth over the past five years, will continue to operate autonomously under CEO Ilan Rubin, now reporting to Mahmoud Nimer, Infinigate's president for MEA and APAC.
Rubin added: "Infinigate's investment enables us to accelerate Wavelink's growth trajectory. It is the result of careful and considered joint planning by Infinigate and Wavelink over a two-year period."
