Climb Global Solutions To Acquire Leading Ireland And UK IT Distributor, DataSolutions Holdings Limited, For An Aggregate Purchase Price Of $16.3M
Portfolio Pulse from Benzinga Newsdesk
Climb Global Solutions, Inc. (NASDAQ:CLMB) has acquired DataSolutions Holdings Limited, a leading IT and security solutions distributor in Ireland and the UK, for $16.3 million. The acquisition is expected to be accretive to earnings and adjusted EBITDA. DataSolutions brings its robust share of the Irish and UK markets to Climb, along with 14 blue-chip vendor partners. The acquisition is expected to enhance Climb's gross profit and adjusted EBITDA margins, and fortify its foundation for long-term growth.
October 09, 2023 | 12:31 pm
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Climb's acquisition of DataSolutions is expected to be accretive to earnings and adjusted EBITDA, and enhance its gross profit and adjusted EBITDA margins. This could potentially boost Climb's stock in the short term.
The acquisition of DataSolutions is expected to be immediately accretive to Climb's earnings and adjusted EBITDA, which are key indicators of a company's profitability. This, along with the enhancement of gross profit and adjusted EBITDA margins, could potentially boost Climb's stock in the short term.
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