The £1.7 billion revenue Exertis IT distribution firm could be sold off within two years, according to its FTSE-listed parent DCC.
DCC, which has started a 24-month corporate review, wants to concentrate on its more lucrative energy business, and is already in the process of selling off its health unit.
“The business will simplify its portfolio and has begun preparations for the sale of DCC Healthcare. The Technology division [Exertis] will focus on delivering its growth and transformation agenda, while exploring strategic options for the future,” said DCC.
“DCC will continue to support the Technology business financially and ensure a smooth transition to the right partner,” it added.
Exertis recently announced it was splitting the company into business and consumer divisions in an attempt to streamline operations and boost profits.
“Exertis’ top priority remains serving its specialised vendor partners and ensuring it provides the best technology solutions and added value for its customers. DCC continues to invest in operational improvements, digital advancements and integration programmes across its division,” DCC further added.
Tim Griffin, CEO of Exertis IT, said: “We’re excited by the opportunities that DCC’s strategic update presents. This is a great opportunity for our division as we explore the possibility of new ownership.”
He emphasised DCC’s pronouncement in reassuring the channel: “Our focus remains as ever on delivering for our customers and vendor partners. DCC’s strategic update provides another opportunity for us all to grow and progress, and we’d like to reassure our customers and vendors of our commitment to them, to adding value, to delighting all our partners and enabling their success.”
