Bechtle acquires Italian IT solutions provider to strengthen European presence

Acquisition adds 100 new employees and annual revenues of €68.6m to Bechtle’s roster

German IT powerhouse Bechtle has announced its acquisition of Magnetic Media Network (MMN), an Italian IT solutions provider, in a move to expands its footprint in the Italian market.

MMN, founded in 1989 and headquartered near Milan with a second site near Venice, brings approximately 100 employees and annual revenues of €68.6m (£57.67m) to Bechtle's growing European operations.

The acquisition quadruples Bechtle's workforce in Italy and marks its first venture into the country's IT service sector.

Konstantin Ebert, COO of Bechtle AG, highlighted the strategic importance of the deal.

"In MMN, we are gaining a company driven by its remarkable passion for technology and which is incredibly creative and fast when it comes to developing modern services," Ebert said.

"This acquisition will help us grow our portfolio in this very interesting European market."

A key asset in the acquisition is MMN's status as an Apple authorised enterprise reseller (AAER), making Bechtle one of only two companies with this designation in Italy.

This partnership allows Bechtle to offer enterprise customers comprehensive solutions based on iOS and Mac technologies.

MMN is known for its approach in augmented and virtual reality solutions developed with Apple Vision Pro.

The company has a presence at Europe's largest innovation centre and start-up incubator in Roncade, where its development team includes graduates from the European Apple developer academy.

PierDamiano Airoldi, co-founder and CEO of MMN, expressed optimism about the merger.

"We aspire to achieve above-average growth with and for our customers into the future. Bechtle's security and size coupled with MMN's flexibility and innovative spirit is the perfect combination for us to realise our future growth plans," Airoldi said.

The acquisition aligns with Bechtle's ambitious European growth strategy.

Bechtle has been developing its Apple business in Europe for some time, earlier this year it acquired iDoo Tech in Spain with the same expansion goals in the Iberic territory.

MMN, which has been active in the Italian market since 1998, sees this as an opportunity to leverage MMN's strong customer relationships and excellent reputation to further expand its reach across Europe.

Financial details of the transaction were not disclosed.