Northamber acquires Epatra in €2 million deal
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Northamber NL B.V. announced today the acquisition of EPATRA B.V. and Epatra B.V. from PreHold B.V. and Lumen Vera B.V. The acquisition was completed through a share purchase agreement.
EPATRA, founded in 2003, is a key distributor of professional audiovisual solutions, focusing on smart offices. Headquartered in the Netherlands, it boasts a warehouse and sales office there, along with another sales office in Belgium. The company has direct distribution contracts with major partners including Sony, LG, GoBright, Biamp, and Sennheiser.
Northamber is set to pay up to €2 million in cash for the acquisition, funded from its existing resources. The acquisition aligns with Northamber’s strategy to expand its reach beyond the UK into growth markets in Europe.
Strategic Rationale and Benefits:
– EPATRA’s extensive client base offers opportunities for sustained growth.
– The acquisition enhances Northamber’s presence in Europe, building on previous acquisitions in the Netherlands and Ireland.
– The acquisition will provide logistics and distribution synergies.
– EPATRA’s strong online presence and logistics capabilities will support Northamber’s European growth.
Alex Phillips, Executive Chairman of Northamber, expressed excitement about the acquisition, stating, “We are delighted to welcome Epatra into the Northamber group. There is a strong synergy in strategic focus with existing Northamber business, and we look forward to working together with the Epatra team to drive strategic value for all.”
Arjan Dekker, Director of Epatra Benelux, added, “We are proud and excited to announce that Epatra Nederland is now part of the Northamber Group. This strategic step strengthens our position in the Benelux market and opens the door to new growth opportunities, both nationally and internationally.”
Based on unaudited management accounts for the year ending December 31, 2024, EPATRA reported revenues of €16.7 million with an EBITDA loss of €0.6 million.
The acquisition terms include Northamber assuming responsibility for a €1.22 million loan owed by Epatra, to be repaid in three tranches. Additional payments up to €0.85 million may be due, depending on EPATRA’s performance over the next three and five years.
EPATRA will become a wholly owned subsidiary of Northamber and will benefit from a transitional services agreement with the sellers for up to 36 months.