Computacenter Sells Trade Distribution Unit To Ingram Micro
October 27 2009 - 5:28AM
Dow Jones News
Information technology solutions and services provider
Computacenter PLC (CCC.LN) said Tuesday it has sold its trade
distribution division CCD to Ingram Micro (IM), to focus on
services and solutions for end-user customers.
The company said the sale will reduce annualized revenue by
GBP80 million and will have "some negative impact" on profits, but
wouldn't damp its expectations for 2009 or 2010.
Computacenter also said the disposal will involve the transfer
of 40 employees and zero gross assets while the unwinding of
working capital used in the business and proceeds from the sale
will generate in excess of GBP20 million of free cash over the
coming few months.
No financial details of the sale were disclosed.
At 0855 GMT shares traded up 4 pence, or 1.4%, at 300 pence
compared with the FTSE 250 - up 0.23%
Company Web site: www.computacenter.com
-By Elliott Ball, Dow Jones Newswires; 44-20-7842-9314; elliott.ball@dowjones.com