Squire Patton Boggs has advised CMS Distribution, a leading value-added distributor of business and consumer technologies, on the acquisition of sysob IT-Distribution GmbH & Co.KG. sysob is a value-added distributor of security, networking and server-based computing products, based in Bavaria, Germany. sysob manages a strong technology portfolio, which includes global brands such as Okta, Pulse Secure and Yubico.
The team advising CMS Distribution was led by Tim Stead in London and Fabio Borggreve in Frankfurt, and included Christian Bleschke, Siegfried Etzkorn and Ann-Kristin Kleine-Jaeger from Frankfurt.
Mr. Stead commented: “We are delighted to have supported CMS Distribution on the acquisition of sysob, having worked with CMS for many years as the group has grown both in geographical terms and in terms of the scope of services offered. We were pleased to work with Thomas Hruby, the founder and managing partner of the sysob group, and wish the sysob management team every success in their new venture as part of the CMS Group. Having advised on all of CMS’s acquisitions to date, a particular highlight of this transaction was the ability to demonstrate our expertise delivering cross-border M&A with a seamless team operating between our German and UK offices.”
CMS Distribution is a value-added IT distributor of business and consumer technology products. CMS is a trade only organisation creating global markets for more than 150 manufacturers, selling to corporate resellers, managed service providers, and high street and online retailers. The company specialises in taking emerging technologies to market whilst growing established brands using a range of value-added services. With a team of more than 400 people and sales of more than £485 million in 2020, CMS helps customers to grow their businesses across 13 locations in eight countries, including the UK, Ireland, France, the Netherlands, Sweden, China, the US and now Germany.