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News » Climb expands European presence with DataSolutions acquisition

Climb expands European presence with DataSolutions acquisition

Climb expands European presence with DataSolutions acquisition

NEW JERSEY, UNITED STATES — Climb Global Solutions, a New Jersey-based provider of IT infrastructure solutions, has acquired DataSolutions, an Ireland-based IT distributor, for $16.3 million. The deal expands Climb’s presence in Ireland and the United Kingdom.

The all-cash acquisition was funded through Climb’s balance sheet. It includes a potential earn-out payment based on performance milestones.

Founded in 1991, DataSolutions is one of the leading IT distributors in Ireland with revenue of approximately $50 million. It serves over 300 resellers in Ireland and the United Kingdom with IT and cybersecurity solutions from vendors like Cisco, Dell, HPE and Fortinet.

DataSolutions generated earnings before interest, taxes, depreciation and amortization (EBITDA) of approximately $3.3 million for its fiscal year ended March 31, 2023.

“The acquisition of DataSolutions builds upon our goal to strengthen our line card with new strategic, cutting-edge technology vendors and bolsters our geographic footprint in Western Europe,” said Climb CEO Dale Foster.

DataSolutions Managing Director Michael O’Hara said, “Climb’s commitment to a focused line card and track record of rigorous brand evaluation aligns with the standard of quality our customers have come to expect.”

Climb is a publicly traded, global IT solutions provider with operations across the United States, Canada and Europe. The company expects the DataSolutions acquisition to be immediately accretive to earnings.

DataSolutions will retain its brand and management under Climb. 

With the acquisition, Climb aims to become the preferred distributor for over 500 resellers in the UK and Ireland. It also plans to leverage cross-selling opportunities across its expanded portfolio of solutions.

Climb reported over $304 million in revenue in 2022 with 7.70% year-over-year growth. It is a public company trading on the NASDAQ under the ticker CLMB.

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