Sale of Micro Warehouse’s European Operations Complete

The parceling out of Micro Warehouse’s European operations is complete. In a complicated three-pronged deal Los Angeles-based investment firm Gores Technology Group acquired the European operations of Micro Warehouse. This is Gores’ initial foray into the catalog arena. KPMG advised Gores in the deal.

Upon completing the deal, Gores sold Micro Warehouse’s U.K. operations to British hardware and software retailer Dixons Group. Gores then sold Micro Warehouse’s German and Netherlands operations to the current management.

Gores will retain the French business, which currently operates under the trade name Inmac. Micro Warehouse France is currently the fourth largest retailer of IT products in France, with 2003 revenue of roughly $258 million. Frank Stefanik, executive vice president of marketing and business development, says that Gores sees a tremendous opportunity to grow the small and midsize side of the business and views the acquisition as a platform to which it could add other European companies.

Micro Warehouse’s domestic operations were acquired by Vernon Hills, IL-based CDW in September 2003.

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.