ALSO and Westcoast Form Strategic Partnership After Clearance

ALSO Holding AG and Westcoast have received the necessary regulatory approvals to form a strategic partnership, including an unrestricted merger clearance from the European Commission. The transaction is slated for completion by 28 February 2025. This alliance targets the UK’s ICT market, valued at 16 billion euros, recognized for its innovation and strategic position.

Westcoast, a leading technology provider in the UK, enhances ALSO's ecosystem with new vendors. In 2024, Westcoast reported revenues of 4.2 billion euros and an EBITDA of 73 million euros. This partnership leverages Westcoast’s growing cloud business and e-commerce segment, potentially expanding ALSO's market reach using AI, IoT, and cybersecurity advancements.

The management of Westcoast remains the same to ensure smooth integration and operational synergy, particularly in France. ALSO Holding aims to become Europe’s largest technology provider through this collaboration, promising sustainable growth and new opportunities.