Together with the current management, who will remain in place, PVO International will be even better positioned to further strengthen its international growth and achieve its energy transition goals.
The acquisition is subject to competition authority approval in the Netherlands, Germany, Austria and Poland and is expected to complete before the end of the calendar year.
PVO International and DCC believe that the objective of achieving further growth in the European market can best be achieved by joining forces. “Alone you go fast, but together you go further,” say the three shareholders, Arne-Bart Huibers, Frank Heijckmann and Gideon Overwater.
“The synergy between PVO International and DCC enables us to give even more substance to the ambition of our organisation. DCC is a leading organisation in the energy sector and is a leading route-to-market and supply chain partner for technology products and brands. With DCC’s know-how and networks, PVO International has the opportunity to accelerate its growth and support more customers throughout Europe.”
Managing Director, Gideon Overwater, says: “This step forward is supporting our company's growth vision, without losing our own corporate culture. We will continue to use our trusted company name and all employees will remain with PVO International. Our suppliers and customers can expect the same quality and service levels from PVO as they experienced before.”
DCC is also looking forward to the collaboration. Managing Director of DCC Technology, Clive Fitzharris, says: “PVO International has developed into one of Europe's largest procurement platforms and distributors of solar-related products and has built a great reputation. PVO is characterized by its speed, customer focused working methodology, ambition and growth. It has a talented team of employees who have enormous drive, and we are delighted to welcome them into the DCC Group. Their ambition to stay ahead of the market and to work every day according to their purpose to accelerate the energy transition is superb. We see PVO as an ideal partner to drive our growth ambitions in solar distribution, which itself is a key component of DCC's broader energy transition strategy.”
