Climb buys France's NeoVAD for $18M in European expansion push
What's the deal? Climb Global SolutionsDealroom has a profile for this one. Try Dealroom →, a Nasdaq-listed value-added IT distributor, has completed the acquisition of French distributor NeoVADDealroom has a profile for this one. Try Dealroom → for roughly €16 million ($18 million). The deal gives Climb a French foothold and about 300 active reseller and vendor relationships across cybersecurity, cloud and virtualization.
Who is NeoVAD? Headquartered in Boulogne-Billancourt, it runs a two-tier distribution model serving resellers, integrators and MSPs. Its vendor roster includes Cato Networks, DataCore and NetwrixDealroom has a profile for this one. Try Dealroom →.
By the numbers: NeoVAD generated about €2.2 million ($2.5 million) in EBITDA for the year ended December 31, 2025 — up 487% from roughly €378,000 the prior year. Climb expects the deal to be accretive to earnings and adjusted EBITDA.
Why now? The acquisition continues a European push. In February, Climb bought Greece-based cloud distributor InterworksDealroom has a profile for this one. Try Dealroom → for about €8 million, adding more than 600 reseller and MSP relationships across southeastern Europe.
What's the endgame? "NeoVAD is a strong fit with our strategy to continue expanding Climb's scale and capabilities across Europe," said chief executive officer Dale Foster. Climb also sees room to grow its Microsoft distribution business by pairing its EMEA capabilities with NeoVAD's local training and technical support.
What could go wrong? Climb's first-quarter sales rose 32% year over year, but adjusted EBITDA grew just 4%. The strategic case depends on turning a larger European footprint into profitable growth, not just scale.
The signal: NeoVAD is a bolt-on in a consolidating European IT distribution market, broadening Climb's regional reach and vendor network. Its real value will hinge on integration and sustained earnings — the gap between fast revenue growth and slower profit growth is the number to watch.
Read more: AP News
Image credit: Generated with Gemini
