Computacenter shares were down 2.4% to 2,432p in late afternoon trading on Wednesday after the group announced its acquisition of US value-added reseller Business IT Source for an unspecified figure.
Computacenter confirmed Business IT Source listed a revenue of $245 million with an EBIT of $8.9 million in FY 2021
The company reportedly employs approximately 100 workers and is based in Buffalo, Illinois.
Computacenter said the existing Business IT Source team would remain in the US as a separate operating unit within Computacenter United States in a bid to maximise the growth opportunity.
“Our US business continues to grow organically but we will take additional opportunities to improve our positioning,” said Computacenter Group CEO Mike Norris.
“BITS gives us a much stronger presence in the Midwest of the United States and brings some great people, customers and leadership to our business. The Buffalo Grove Integration Center will allow us to serve more of our Midwest regional customers locally over time, helping us to meet our sustainability goals.”
“I am confident that the BITS leadership will seize the opportunity to continue their current growth momentum.”
The firm mentioned the business and team would be fully-integrated into Computacenter’s North American operations over time.
“We are excited to become part of the Computacenter family. This gives us the opportunity to provide a much broader range of capabilities to our customers and growth opportunities for our people,” said CEO & Co-Founder of BITS Bob Frauenheim
“Operating as a separate business unit will allow us to continue our personalized service while leveraging Computacenter’s capabilities to best serve customers and associates.”
