"GLOBES will bring to our group a wealth of added value" commented Pascal Gandolfini, Milexia President "First of all, we'll expand our team with valuable managers bringing an extensive experience of more than 40 years in the Electronics industry. We are extending our coverage into new territories but do not forget where we are coming from: local, agile, providing decision close to the field.”

With this acquisition, Milexia is adding 16 new skilled team members and more than 10M€ of sales to reach our plan of 100M€ revenues, twice the amount of that from 3 years ago. Furthermore, we are strengthening our marketing capabilities and will complement our existing technical skills in the Satcom, RF and Timing. Being able to close this acquisition during this pandemic period without sacrificing our organic growth is a great achievement for Milexia people and confirm the resilience of our business model."

Ulrich Blievernicht, Globes Managing Director and co-founder said, "This is a very exciting time to be joining Milexia, one of the fastest growing value-added representative and distributor in Europe. Our Companies share a common DNA, believing in people and putting customers first. We are very happy to bring an important piece of the Milexia puzzle of covering the main European markets and opening to other territories as well as bringing our long experience to Milexia growth plan".

This milestone is part of Milexia strategic plan to (i) expand Milexia coverage into new Western European countries, and (ii) offer additional value-added services to its customers and suppliers. Milexia group, with the support of its minority investors Societe Generale Capital Partenaires, Bpifrance and Isatis Capital, is closing its 4th acquisition in the last 3 years and reaches 100M€ revenues generated by more than 160 employees.

MILEXIA is a major European value-added representative and distribution group specialized in the sale of high technology value added components, systems, scientific instrumentation, and technical services. Founded in 2006, following the merger of two long established (1971) value added representative and distributors in France and Italy, the Group has extended its footprint in Spain (2011) and more recently in the UK (2019). Milexia's team of highly skilled professionals supports an impressive group of leading business partners and manufacturers across a large part of Europe with offices, facilities and warehousing.