Advantage Smollan to acquire Combera Group GmbH
Advantage Smollan Limited has announced its pending acquisition of Combera Group GmbH. Combera is a specialist in outsourced sales, merchandising, auditing, activation and engagement with operations in 13 European countries and a partnership network that extends to many more. The completion of the acquisition is subject to customary closing conditions, including receipt of all necessary regulatory approvals.
Advantage Smollan provides outsourced sales, marketing, and technology solutions for consumer goods manufacturers and retailers in Europe, and after completion of the Combera acquisition will have operations in 15 European countries, including the United Kingdom, Germany, Austria, Poland, Portugal and Russia.
Two years ago Advantage, which operates in North America, and Smollan, which operates on four continents outside Europe, became the world’s leading retail solutions company when they announced a global partnership that leverages each other’s footprints and best practices to provide seamless global services for deeper, broader strategic partnerships with clients. This included the formation of Advantage Smollan as a unified solution for Europe. After completion of the Combera acquisition, the global partnership spans six continents and more than 35 countries.
“The addition of Combera to our portfolio dramatically changes our presence and scale and gives us the widest reach across Europe in our space” said Laurence Clube, Chief Operating Officer of Advantage Smollan. “Combera will also bring to the wider Advantage Smollan group its many best practices and additional reach through its partnership network which opens the door to future growth opportunities. The transaction represents a big step forward on our vision to provide comprehensive solutions across Europe and globally through the larger partnership between Advantage and Smollan.”
“In order to provide our enterprise clients with holistic retail sales, technology, and reporting solutions in Europe and on a global scale, we must have the absolute best in terms of local leadership, talent, and resources on the ground in Europe so we can enhance our value proposition through our expanded footprint and capabilities while maintaining laser focus on our legacy regions” said Tanya Domier, Advantage CEO. “We have delivered on this with our acquisitions and leadership appointments to-date, from enlisting industry veteran Hans Savonije of Royal Unibrew as the Executive Chairman, to our pending acquisition of Combera which has a reputation for excellence and expertise in every country it operates.”
“Our long history and proven capabilities in outsourcing sales solutions across a diversified European cultural landscape will enlarge the global footprint of this joint journey” highlighted Sarah Auer, CEO of Combera. Founded in 1976, Combera’s client portfolio includes some of the leading multinational brands operating in Europe. Given its history, success and footprint, Combera will continue operating under its current name.