Press release IPH and Brammer combine to create a European leader in industrial distribution

London and Paris 15th September, 2017 – IPH and Brammer are combining to create a European leader in the distribution of industrial supplies. Advent International, which took Brammer private from the London Stock Exchange earlier this year, completed the acquisition of IPH today to enable this combination.

The combined entity, IPH-Brammer, will draw on the complementary strengths and legacies of both businesses to provide its customers with an expanded technical product range and offering,supported by an enlarged geographic footprint across Europe and strong brands such as Brammer, Minetti, Zitec or Orexad. With close to €2.2 billion in combined revenues and more than 8 000employees, IPH-Brammer has operations in 23 European countries and will be headquartered inLondon.

Pierre Pouletty, the former CEO of IPH, will serve as Chief Executive Officer of IPH-Brammer, alongside Hermann Maier, the former CEO of Brammer, in the capacity of Chief Operating Officer.“During the 4 past year, with the support of PAI, IPH has transformed into a leading pan European company achieving more than 50 acquisitions, entering in 5 new countries, building an e-business platform and gathering a fully fledged European group management team. Merging IPH and Brammer is a major step for the European industrial supplies market consolidation and in the evolution of thetwo companies.” commented Pierre Pouletty, Chief Executive Officer of IPH-Brammer.

“The skills and assets of both businesses give IPH-Brammer a strong foundation for future growth.Leveraging our combined knowledge, technical skills and experience, especially in serving KeyAccounts, IPH-Brammer is uniquely placed to take advantage of the exciting opportunities in our markets. The support of our experienced investor, Advent International, will further aid our ability to continue growing both organically and through acquisitions,” added Pierre Pouletty.

“The creation of IPH-Brammer is excellent news for our customers and suppliers. Thanks to the skill combination of both teams, IPH-Brammer will offer its clients an enhanced technical knowledge, inPower transmission in particular, services and product availability across Europe. We have the skills, knowledge and drive to continue to innovate, take advantage of market opportunities and ultimately offer an unbeatable customer proposition”, added Hermann Maier, Chief Operating Officer, IPHBrammer.