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Value-added reseller (VAR) boxxe has acquired IT infrastructure solutions company CAE Technology. Terms of the deal have not been disclosed.
Hemel Hempstead-headquartered CAE was founded in 1992. It achieved revenue of £156m in its last published results (year ended 30 June 2024), 94% of which was derived from the UK. This was an 11% decline compared to the previous year, which was attributed to a slowdown in the approval and cancellation of network projects, particularly in the public sector. It is a Cisco Tier One Gold Partner, a Microsoft Tier One Cloud Solution Provider (CSP) and a Dell Technologies Platinum Partner.
In its last published accounts (year ended 31 December 2023), boxxe’s revenue stood at £442m. However, this does not include any contribution from Total Computers (acquired in January 2024), which achieved revenue of £86m in that year.
The deal will strengthen boxxe’s networking and security offering in both the private sector and public sector, particularly within healthcare and education. It should also allow CAE to tap into boxxe’s public sector expertise, helping the company expand its footprint across this market.
Posted by: Dale Peters at 10:12
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acquisition
VAR
networking