This is technology M&A deal number 505 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
This is also Converge’s twenty-third acquisition and the Canadian company’s first in Europe.
Founded in 2004, REDNET works with organizations in the education, health care and government/public sectors, providing advice, economic planning, logistics and other services to their clients.
Converge Acquires REDNET: Strengthening The Global Footprint
Shaun Maine, CEO, Converge, commented:
"We are excited to announce Converge's acquisition of REDNET AG. The addition of REDNET is significant, as it marks Converge's official expansion into Europe and will greatly increase our ability to serve clients globally. From infrastructure to service, to operations & logistics, REDNET's strong capabilities and offerings in the public sector will both enhance Converge's current services and strengthen our global footprint."
Barbara Weitzel, CEO, REDNET AG, said:
"I am pleased to have Converge as a strong partner at our side, with whom we will jointly continue the REDNET success story throughout Germany. Our range of products and services will become even more attractive as a result. As a group of companies, we offer our public customers in Germany a comprehensive portfolio from a single source.”
Converge’s M&A Growth
REDNET AG marks the twenty-third acquisition completed by Converge since October 2017. In 2021 alone, the company acquired international managed IT services provider ExactlyIT and Vicom Computer Services, a multi-cloud infrastructure provider, for $25 million.