Exclusive Networks announces that it has signed an agreement to acquire Ingecom, a Spanish distributor specializing in cybersecurity and cyber intelligence solutions, in order to accelerate Ignition Technology's expansion in Southern Europe.

Headquartered in Bilbao, Ingecom is present in Spain, Portugal and Italy, with a network of over 500 partners. It has sales of 38 million euros in 2022, and its profitability is comparable to that of Exclusive Networks.

The French group will acquire 70% of Ingecom, while the remaining capital will remain in the hands of the current management. Closing of the transaction is subject to the usual conditions precedent, and is expected to take place before the end of the year.

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