Convex advised Oprema, the leading multi-brand distributor of surveillance & security solutions, on a sale to EET Group.
Oprema – http://www.oprema.co.uk/
EET Group – http://www.eetgroup.com/
EET is a value adding IT distributor, providing suppliers and customers with expert industry knowledge, intelligent logistics solutions, unique sales service and smart marketing tools. EET operates in 24 markets across Europe, carries over 1,100 brands and serves more than 30,000 buying customers annually. The Company is headquartered in Birkerød, Denmark.
Oprema is the fastest growing distributor of CCTV, access control, intrusion, fire, and networking products in the UK.
Oprema, founded in 2010 and located in Cardiff, posted an approx. 29% increase in revenues to almost GBP 24 million in 2020. Oprema, having more than 50 employees, will add a broad portfolio of strong brands and significantly increase EET’s position in the UK, the largest Surveillance & Security market in Europe and the 6th largest in the world.
“The combined Oprema and EET Surveillance & Security activities in the UK creates a serious player in the important and fast-growing UK market and an excellent platform for continued strong growth. Oprema is a very well-run company, and has demonstrated solid, profitable growth for several years. With this acquisition, Surveillance & Security becomes the biggest segment in the EET Group, accounting for more than 20% of total sales,” said EET Group CEO Søren Drewsen.
“Convex were a pleasure to deal with from start to finish and made the process so simple. They made sure that both sides of the transaction were kept informed at every stage and brokered a fantastic deal for everyone involved. I wouldn’t hesitate to use them again in the future.”
Matthew Epps, Managing Director
