Exclusive Networks inks agreement to acquire NEXTGEN Group
Summary
“The combination of NEXTGEN and Exclusive Networks will offer unique end-to-end value-added channel management services, supported by real-time data analytics and AI-backed insights, benefiting the entire APAC region and providing Exclusive Networks with the ability to roll-out digital channel services at a global scale. “NEXTGEN’s strong expertise in cloud migration assessment, digital marketing and lead generation solutions will expand Exclusive Networks’ value proposition by leveraging NEXTGENs in-house state-of-the-art platforms and developed initiatives with hyperscalers, laying the foundations for the next phase of growth.” Exclusive Networks says that following the acquisition, its presence in Australia and New Zealand will be more than doubled and, based on FY pro-forma figures as of Dec 31, 2023, “the combined entity would have represented gross sales of around €615m in APAC, a region with attractive growth prospects and a total addressable market estimated at $10 bn in 2023.” The closing of the transaction is subject to customary conditions precedent and is expected to be finalised during the second quarter of 2024. Jesper Trolle, CEO of Exclusive Networks, commented: “This acquisition is a major step forward in our growth strategy in APAC, it significantly strengthens our business and allows us to expand and develop further our value proposition. The combination of resources and experience will help accelerate our growth and competitiveness in this very dynamic market and beyond.” John Walters, Founder and CEO of NEXTGEN Group added: “To capture the next phase of NEXTGEN Group’s exciting growth, we had to find the right global partner that brings the appropriate investment into our model and aligns with our culture. Exclusive Networks, led by Jesper, aligns strongly with our shared ambitions and values, including a passion for innovation and an entrepreneurial spirit.