Imago Group has expanded its European network of subsidiaries by signing an agreement to acquire Vitec Distribution GmbH, a distributor of Polycom video conferencing solutions in Germany.
Vitec, based in Mainz, represents a number of prominent audio visual and communications vendors including Polycom and is a specialist in video and data collaboration, digital signage and presentation solutions. Like Imago, Vitec has built a sizeable business based on delivering value added services, including consulting, project management, installation support and training.
“Video communications is an international business and our customers and end users need support on an international basis,” said Ian Vickerage, Managing Director, Imago Group. “The opportunity to acquire the largest VC distributor in one of Europe’s largest territories is one we are delighted to take. It is also great news that Dr Wilhelm Mettner will be returning as CEO to the company he founded and ran very successfully for many years.”
With offices already in France, Belgium, Holland and Spain, the acquisition of Vitec will enable Imago to launch its fifth European subsidiary.
“We are excited by Imago’s acquisition,” said Dr Wilhelm Mettner. “Imago has established a powerful network in Europe and we relish the prospect of being part of this growing and influential distribution group and in particular developing the video communications business in Germany.”
The acquisition is expected to complete by early July.
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