Computacenter plc ("Computacenter") today announces that it has acquired Misco Solutions B.V. (“Misco”), a value-added reseller and solutions provider to the public & private sectors, based in Amstelveen, The Netherlands.
Misco employs approx. 200 people and in the year ended 31 December 2017, revenue was c €134 million*. Computacenter will cover the cost of the transaction from its existing cash resources. The impact on Computacenter’s results is not material, and this is not considered a significant transaction in accordance with Listing Rule 10.
Lieven Bergmans, Computacenter’s Managing Director European Development, commented:
“Misco offers Computacenter a great base of experienced people and established major customers to grow a stable, long-term business in this key European market. In addition to our financial strength and stability, we can bring value to both existing and new customers in the Netherlands through access to Computacenter’s resources, expertise and international capabilities.”
Mike Norris, Computacenter’s Group Chief Executive added:
“While we mainly focus on organic growth, we are interested in acquisition opportunities which either enable us to enter new markets or enhance our services and solutions for our customers. The Netherlands is an adjacent European market for us and we are excited by the opportunity to build the long-term trust of Government organisations and some of Europe’s largest companies headquartered there. Our direct local presence in the Netherlands will also allow us to enhance our support to a number of Computacenter’s largest international clients for whom this is a key location.”
* Note: the financial information for Misco Solutions B.V., is sourced from unaudited accounts for the financial year to 31 December 2017.
For further information please contact:
Lieven Bergmans, Managing Director European Development