Climb Global Solutions, Inc. (NASDAQ: CLMB) has finalized its acquisition of interworks.cloud, a cloud distribution platform based in Greece, for approximately €8.0 million ($9.4 million). The transaction strengthens Climb's operational presence across Southeastern Europe, specifically in Greece, Malta, Bulgaria, and Cyprus, while enhancing the company's existing cloud and software distribution infrastructure in the region.
Interworks.cloud brings a substantial partner network of more than 600 cloud resellers and managed service providers (MSPs) to Climb's portfolio. The acquired entity maintains established relationships with major technology vendors including Microsoft, Acronis, and Google, which aligns with Climb's strategic objective to deepen its Microsoft partnership and expand its vendor ecosystem. These partnerships position the combined entity to serve a broader customer base across the region's growing cloud services market.
Climb Global Solutions expects the acquisition to contribute positively to its financial performance, with projections indicating the transaction will be accretive to both earnings and adjusted EBITDA. The company has indicated that the acquisition supports its broader growth strategy of expanding cloud and software distribution capabilities across European markets.