Dicker Data has unveiled plans to acquire the Security and Information Technology (SIT) distribution division of Hills in Australia, striking a A$20 million deal to on-board new employees, vendors and partners within an expanding market segment.
Australia-headquartered distributor Hills is to cease operations of its New Zealand security distribution business due to unprofitability.
Hills is undertaking a further review of its loss-making New Zealand security distribution operations, commencing a workplace change process with employees to consider options for the business.
Hills hopes to get its technology distribution business back on track under the leadership of its new CEO, David Clarke, former CEO of publicly listed health software provider Corum Group.
Hills Limited has flagged substantial revenue and earnings declines for its technology distribution business segment in the six months ending 31 December 2020.
