PathWorks employs 10 people and in the year ended 31 December 2018, revenue was CHF14,7 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.
We are pleased with the opportunity to integrate PathWorks into Computacenter Switzerland. PathWorks brings a promising pipeline of customers in the public and private sector. Combined with the opportunities we have in our existing Computacenter customer base we believe that we have created a solid base for our sourcing business in Switzerland.
Massimiliano D'Auria, Managing Director Switzerland
With the acquisition of PathWorks we align our services and solutions offering in Switzerland better with Computacenter’s portfolio. We will be able to source, transform and manage our customer’s technology infrastructure and help them in their journey of digital transformation. Moreover, by increasing our European footprint in technology sourcing we will further strengthen our capability for our vendors partners to be their preferred route to market.
Lieven Bergmans, Computacenter’s Managing Director European Development
* Note: the financial information for PathWorks is sourced from unaudited accounts for the financial year to 31 December 2018.
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