Menu
Provenco builds on market position

Provenco builds on market position

AIMING to become a major player in the Australian distribution market, Provenco has forged ahead with its acquisitions and secured two further distributors.

The business technology supplier paid A$18.6 million for Melbourne-based Vantex and Christchurch-based Vantex Wholesale Distributors last month. Both companies distribute POS, barcoding, mobile and wireless computing products from vendors that include Epson, IBM, Netcomm and I-mate.

Provenco chief executive David Ritchie says the most recent acquisition positions the company as the region’s largest distributor of mobile, wireless and retail technology.

“This is a low-risk way of entering Australia. When we acquired Transtech Distributors 18 months ago it was just the start of the journey,” he says.

Provenco subsidiary Transtech has the Australasian distribution rights for Symbol scanning products.

In January Provenco purchased Sydney-based distributor Javelin Systems and Transtech appointed it as the Australian distributor of Symbol. Ritchie says this worked so well for Provenco that when the opportunity came to acquire Vantex the company jumped.

“We felt we wanted to acquire some well-run businesses and we will make sure we keep the factors that make them so successful. It’s all about efficiency and scale.”

He says Vantex provides a good fit with Provenco’s existing business and its scale and positioning in the Australian market is a good basis for growth.

The owners of both Vantex operations have been contracted for an undefined period and at this stage no redundancies are expected.

Ritchie says the four distributors will be run as one division under a general manager with centres in Sydney, Melbourne, Auckland and Christchurch. Vantex Christchurch will strengthen the existing Transtech business and provide a distribution and warehouse base for the South Island, he says.

The Provenco group has now established five divisions of business: payments, retail automation, supply chain technology, solutions and distribution.

Retail automation supplies the global retail oil industry and currently has 31 customers in 23 countries with a focus on supplying hardware and software.

A Beijing office was opened last year to expand into the wider Asian market and last November was awarded a supply contract with Shell worth $US9m.

Based on these successes and the recent acquisitions, the company has increased its operating profit projection for 2005 from $6m to $7.2m.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Featured

Slideshows

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Meet the winners of the 2020 Reseller News Innovation Awards

Meet the winners of the 2020 Reseller News Innovation Awards

Reseller News honoured the standout players of the New Zealand channel in front of more than 500 technology leaders in Auckland on 21 October, recognising the achievements of top partners, start-ups, vendors, distributors and individuals.

Meet the winners of the 2020 Reseller News Innovation Awards
Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Show Comments