Wood Comms is acquired by Swedish plc, Alcadon Group AB Wood Comms is delighted to announce its sale to Alcadon Group AB, a Swedish listed leading supplier of products for data and telecommunications solutions. This is a significant milestone in
Wood Comms 100 year history which will underpin its future success.

Keith Mahony MD said “The Alcadon acquisition is an excellent opportunity for Wood Comms.  Celebrating 100 years in business this year we know this is the next step in our journey to another 100 years of our business together.

We are very excited to share this news with our customers and suppliers and know this will certainly add to our growth and fuel our ambitions within the wider European data Centre Market and communications marketplace.

Wood Communications

The acquisition allows us to operate as before, but with the support of being part of a larger group and network throughout Europe. The senior management team will remain in place with both Derek Finlay and I becoming shareholders of Alcadon. Wood Comms will continue with the same name and the same product offering, however we hope to add to that product offering in the coming months as part of the acquisition. The operations will continue as they are, and Wood will remain as a decentralised decision-making unit” Wood Comms Co-owner and Sales Director Derek Finlay says “the acquisition by Alcadon allows Wood Comms to meet the changing needs of our customers both locally and across Europe. The demand and geographic requirements of Wood’s customers are forever changing. We work with a multitude of global customers in growing markets and with Wood Comms now being part of the Alcadon group this opens up more opportunities for us collectively.  I am excited and looking forward to growing the business together for another 100 years”. Sonny Mirborn, CEO of Alcadon group, states “ The acquisition of Wood Comms is in line with our strategy to build a strong European position in network infrastructure through the acquisition of companies with strong profitability and market positions. Wood comms will remain an independent decision- making unit within Alcadon’s decentralized structure and will not only benefit from being part of a larger group but will also be able to contribute and develop the rest of the group with their unique competence. We look forward to working together with Keith and Derek and their team in the future. Keith and Derek will also be significant owners in Alcadon and we welcome them as
such.”

Wood Communications

About Wood Comms
Founded in 1924, Wood Communications is Ireland’s premier leading distributor of networking products for the Data Communications, Data Centre, Telecoms and Security industry. Wood is a managed distribution company and provide network solutions throughout the island of Ireland and mainland Europe Alcadon Group AB | Segelbåtsvägen 2, 112 64 Stockholm | alcadongroup.se

Wood Comms Acquired by Swedish PLC, Alcadon Group AB

About Alcadon Group
Alcadon Group was founded in 1988 and has since developed into a leading European distributor within Network Infrastructure with presence in Sweden, Norway, Denmark, Germany, Belgium,
the Netherlands and the UK. Since the foundation in 1988 focus has been on value adding distribution and product development within the Structured cabling, data centre and broadband segments. The strategy of Alcadon Group emphasises decentralized decision making and a focus on product and system expertise.

The acquisition of Wood Comms is in line with our strategy to build a strong European position in network infrastructure through the acquisition of companies with strong profitability and market positions. Wood comms will remain an independent decision-making unit within Alcadon’s decentralized structure and will not only benefit from being part of a larger group but will also be able to contribute and develop the rest of the group with their unique competence.
We look forward to working together with Keith and Derek and their team in the future. Keith and Derek will also be significant owners in Alcadon and we welcome them as such.

Sonny MirbornCEO of Alcadon Group

Business as Usual – With this news, we look forward to continuing our great partnership with our customers.

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