Climb Global Solutions, Inc. (NASDAQ:CLMB) has completed the acquisition of NeoVAD, a France-based value-added IT distributor, for an aggregate purchase price of approximately $18.0 million. The deal expands Climb's European platform and deepens strategic vendor relationships. The company expects the transaction to be accretive to earnings per share and adjusted EBITDA.
NeoVAD serves reseller partners across the French market. It focuses on cybersecurity, cloud services, and virtualization. The company brings an established presence in France, including approximately 300 active resellers. Its vendor relationships include Cato Networks, DataCore, and Netwrix. For the fiscal year ended December 31, 2025, NeoVAD generated EBITDA of approximately $2.5 million. That figure represents a 487% increase from approximately $427,000 in the prior fiscal year. These figures are derived from internal financial statements prepared by NeoVAD management and may not be comparable to Climb's non-GAAP measures.
Dale Foster, CEO of Climb, stated that NeoVAD is a strong fit for the company's strategy to expand scale and capabilities across Europe. He noted that the acquisition adds meaningful reach in France. It also creates opportunities to bring more of Climb's portfolio to NeoVAD's reseller network. Foster highlighted the potential to expand Climb's Microsoft distribution business by pairing existing EMEA capabilities with NeoVAD's local training and technical support expertise. He expects the acquisition to be accretive to earnings and adjusted EBITDA. NeoVAD's stronger margin profile supports profitability objectives.
Jérôme Boulon, founder and CEO of NeoVAD, commented that Climb shares NeoVAD's focus on specialized, value-added distribution. Climb brings broader scale and capabilities, Boulon stated. He said the partnership offers significant opportunity to expand solutions for reseller partners. It also creates additional opportunities for vendors across Climb's European platform.
Climb Global Solutions operates as a value-added global IT distribution and solutions company specializing in emerging and innovative technologies across the U.S., Canada, and Europe. The company provides IT distribution for industries including Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & ALM. NeoVAD is headquartered in Boulogne-Billancourt, France. It operates a fully indirect, two-tier distribution model supporting integrators and MSPs through presales, technical training, and demand-generation support.
The acquisition is subject to forward-looking statements regarding strategic goals and future operating results. Risks include the ability to recognize anticipated benefits. Potential delays in realizing synergies or margin improvements are also cited. Difficulties integrating operations and personnel are noted, as are changes in commercial terms or vendor performance. Climb will file a Current Report on Form 8-K with the Securities and Exchange Commission on October 22, 2026.