After expanding its buy and build strategy to the international market last year by acquiring Cteam in Austria, euromicron AG has now rigorously continued this strategy by purchasing a 90% stake in Qubix S.p.A. networking solutions in Padua, Italy (www.qubix.it).
euromicron international services GmbH, based in Frankfurt/Main, has been especially established to this end. The wholly-owned subsidiary of euromicron AG will now coordinate the Group’s international activities and hold the shares in Qubix S.p.A.
By obtaining a majority stake in Qubix, euromicron has taken a major step in expanding internationally to Italy and non-German-speaking countries in Europe. The existing Managing Director of Qubix S.p.A., Mr. Filippo Gnocco, will – in accordance with euromicron’s philosophy – retain main responsibility for the company’s business and still hold a 10% stake in it.
“euromicron’s takeover of Qubix now opens up far greater market opportunities for the two partners, both with euromicron products in the Italian market and for Qubix in euromicron’s traditional markets,” says Filippo Gnocco. “Qubix will now offer a broad platform in Italy for euromicron’s small-scale export activities to date,” adds Gnocco. “Thanks to the stake in Qubix and an internationally experienced manager like Mr. Gnocco, we have been able to win another outstanding asset for the euromicron Group,” enthuses Dr. Edgar Bernardi, the board member in charge of Market and Technology.
Since 2001, Qubix has established itself successfully with network solutions in the Italian and Eastern European markets. Its success is founded on end-to-end consulting in network and security solutions, which it assembles and customizes using products from well-known vendors as part of its global procurement operations and markets as high-quality system solutions throughout Italy and Southeastern Europe through specially trained partners. Qubix’ employees have a high level of technical know-how and keen focus on customers’ needs. As a result of this acquisition, euromicron will be able to tap further expertise and above all develop the sales markets of Italy and Southeastern Europe. It will also result in further pooling of procurement activities and synergies in sales channels.
Qubix’ sales are in the lower double-digit million euros range and have grown continuously since it was established. As a result of the acquisition, the euromicron Group has achieved annualized sales in 2008 of around €200 million through operational growth and acquisitions (buy and build). “With this solid foundation, euromicron AG looks optimistically to 2009, in which the synergy potentials from the acquisitions in 2008 will unfold to the full,” states Chairman of the Executive Board Dr. Späth.
euromicron AG (www.euromicron.com) is one of the leading solution providers of communications systems and security networks and boasts production expertise in the field of fiber optics technology. Its portfolio comprises planning, implementing and maintaining communications and security networks, as well as developing, producing and distributing network components based on copper, fiber optic and wireless technology.