Deal will execute on the integrator’s expansion strategy in
mainland Europe, and create new centre of excellence for Service
London, March 4th, 2013 – Logicalis Group, the
international IT solutions and managed services provider has agreed
to acquire the four European subsidiaries of 2e2, excluding their
UK business, for €24million ($31 million).
Separately, Logicalis has employed approximately
70 people from the defunct 2e2 UK operation and assumed some of
their respective business.
Logicalis Group will acquire the Spanish and Irish systems
integration businesses, operated under the Morse banner; the
Channel Islands business (Jersey and Guernsey) and their operation
in the Netherlands which is a leading IT Service Management (ITSM)
Consultancy, also providing ITSM-as-a-Service offerings.
Ian Cook, Chief Executive of Logicalis Group,
“This transaction delivers on our
stated intentions to grow our European presence and augment our
solutions and services capabilities. In particular, the Spanish
business is strategically important to us to strengthen
relationships with our multinational clients in Latin
America. The Service Management Consultancy business further
enhances our services offering and allows us to introduce it to
Logicalis’ wider international audience.
It also allows us to deliver an
enhanced portfolio of communications and collaboration, data
centre, managed services and cloud services to these new
The Spanish operation based in Madrid and Barcelona has a strong
enterprise managed services focus and is a key vendor partner of
IBM with strong customer relationships that complement many of
Logicalis’ multinational clients in Latin America.
The Irish operation, based out of Dublin and Cork, is a leading
provider of enterprise hardware and software solutions and
services, and has long standing and strong partnerships with
leading industry vendors such as IBM, NetApp and HP, and further
enforces Logicalis’ commitment to these existing strategic
The Channel Islands operation is one of the largest IT service
companies in the Channel Islands and offers a comprehensive range
of Information and Communications Technology services and solutions
in their local markets.
These operations in Spain, Ireland and the Channel Islands will
operate under the Logicalis banner and serve to offer Logicalis’
extensive communications and collaboration, data centre, managed
services and cloud services portfolio.
The Netherlands subsidiary, is a provider of industry-leading
Service Management consulting, solutions and services, and will
operate as Logicalis SMC (Service Management Consultancy). As well
as continuing to support its existing customers, across a number of
European countries, it will serve as a Service Management centre of
excellence hub. Logicalis SMC brings a world-class team of
ITSM consultants, as well as its leading IT-Guardian
As a result of this complete transaction, Logicalis will expand
its operations with over 480 employees in the Channel Islands,
Spain, Ireland and the Netherlands and with annualised revenues of
approximately $150 million and unaudited EBITDA of more than