Sector: Technology
The Getronics family is an ICT Services group consisting of the Getronics and Connectis brands
Getronics
Netherlands
Business Overview
- The Getronics family is an ICT Services group consisting of the Getronics and Connectis brands. With an extensive history that extends over 125 years, the Getronics family has nearly 4,500 employees in 22 countries across Europe, Asia Pacific & Latin America, and has a complete portfolio of integrated ICT services for the large enterprise and public sector markets. This includes Workspace, Applications, Unified Communications, Data Centre, Cloud, Consulting, Partner Technology, Managed Services and Security
Operating from 12 data centres across Europe and 6 global service centres, Getronics has over 1,800 customers worldwide. Longstanding relationships are held with blue chip companies across a wide range of sectors including technology, manufacturing and retail services
Investment Thesis
Globally recognised brand with a leading position in the growing IT services market
Positive market fundamentals with increasing trend towards outsourcing IT solutions
Recurring revenues underpinned by long term contracts and a historically low churn rate
- High barriers to entry through high switching costs for existing customers
Strong management team with a successful track record of transforming IT services businesses
Origination
The deal was originated through an existing relationship with US lender, White Oak, who partnered with PCS2 and PCS3 to structure a financing solution for Getronics