Acquisition
July 21 2011 - 3:37AM
UK Regulatory
TIDMCCC
Acquisition - DAMAX AG
Computacenter plc, Europe's leading independent provider of IT infrastructure
services, today announces that it has acquired a majority stake in the Swiss IT
service provider, DAMAX AG.
DAMAX AG is already a significant subcontractor of services to Computacenter and
this acquisition will enable Computacenter to strengthen its long-term
relationships with customers present in Switzerland. Computacenter has acquired
80% of the equity, as well as over 2 million CHF net cash on the balance sheet,
for a debt free cash consideration of 7.2 million CHF (5.4 million GDP). The
remaining 20% stake of DAMAX AG will be held by the founder of the business who
will continue as CEO. Computacenter will acquire the remaining 20% stake of the
equity by mid 2015, for a cash consideration of up to 3.2 million CHF (currently
2.4 million GDP), subject to the achievement of agreed performance criteria over
the next 3.5 years.
Enquiries:
Computacenter plc
Mike Norris, Chief Executive 01707 631601
Tony Conophy, Finance Director 01707 631515
Tessa Freeman, PR Manager 01707 631514
Tulchan Communications 020 7353 4200
Christian Cowley
Lucy Legh
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Computacenter PLC via Thomson Reuters ONE
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