Comparex becomes part of the Austrian Raiffeisen Banking Group

As from 16 October 2009 Comparex Belgium and Luxemburg become […]

October 22, 2009

As from 16 October 2009 Comparex Belgium and Luxemburg become part of the leading Austrian IT provider, Raiffeisen Banking group, one of Austria’s major financial holdings.

As a result of the acquisition in 2008 of PC-WARE and the former COMPAREX eastern countries, the new group is present in 26 countries worldwide and employs over 1700 people and generated a turnover of 1.2 billion EUR.
As in the other countries, Comparex BeLux and PC-Ware BeLux will keep on operating separately under their respective names. Comparex is specialized in Data Center solutions while PC-WARE provides software solutions.

The acquisition offers important growth opportunities to Comparex BeLux . Belgian customers will benefit both from new software offerings and global service offerings in 26 countries incl. in China. This is unrivalled in Belgium . Comparex and the group will share their extensive knowhow, competences and long standing experience to further strengthen their market position in Belgium, in Europe and worldwide.

“Our BeLux customers will benefit from our business critical mass with the major vendors : The group has a turnover of 500 Mio with Microsoft,300 Mio with other software vendors ( VMware, Citrix, Adobe , Symantec…) 40 Mio with IBM , 30 Mio with EMC , 20 Mio with HP and 20 Mio with SUN.”

Due to this acquisition, Comparex BeLux regain a strong financial backing. This guarantees long term economic security, stability and trust to our customers and partners. In times of economic downturn it is an important asset and competitive advantage.

Klaus Elsbacher, CEO of the group about the acquisition: “We are very happy to expand our activities in Belgium and Luxembourg. This is a next step in our strategy to become a very important player globally in the ICT industry.”

Zakari Lamari president of Comparex :”The Belgian and Luxembourg employees will benefit from being part of a large, international solid group, offering them new career opportunities”.

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