REG - Computacenter - Acquisition

ComputacenterAnnouncement

13/07/2022 07:01

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RNS Number : 2119S  Computacenter PLC  13 July 2022

Computacenter plc

Incorporated in England

Registration number: 03110569

LEI: 549300XSXUZ1I19DB105

ISIN: GB00BV9FP302

 

 

FOR IMMEDIATE RELEASE

Computacenter plc

 

COMPUTACENTER ANNOUNCES ACQUISITION OF BUSINESS IT SOURCE,

ONE OF THE FASTEST GROWING VARS IN UNITED STATES

 

Computacenter has acquired one of the fastest-growing Value-Added Resellers in
the United States, Business IT Source ("BITS").  BITS employs around 100
people and has a HQ and Integration Center in Buffalo Grove, Illinois, approx,
45 mins from downtown Chicago.  BITS reported revenue in 2021 of approx. USD
245m with EBIT of approx. USD 8.9m.

 

The existing BITS leadership team will stay to run the business as a separate
operating unit within Computacenter United States to maximise the growth
opportunity.  The business and the team will be fully integrated into
Computacenter's North American operations over time.

 

"Our US business continues to grow organically but we will take additional
opportunities to improve our positioning.  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." said Mike Norris, Computacenter Group CEO.

 

 "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. 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." said Bob Frauenheim, CEO & Co-Founder of BITS.

 

About Computacenter

Computacenter is a leading independent technology partner, trusted by large
corporate and public sector organisations. We help our customers to source,
transform and manage their IT infrastructure to deliver digital
transformation, enabling people and their business. Computacenter is a public
company quoted on the London FTSE 250 (CCC.L) and employs over 18,000 people
worldwide. For more information, visit www.computacenter.com
(http://www.computacenter.com)

 

About Business IT Source

The BITS team provides a high level of flexibility and customization to help
customers manage the receipt and deployment of technology products,
underpinned by a modern Integration Center in Buffalo Grove. This attention to
personal service has allowed BITS to grow significantly and be recognized by
manufacturers and customers alike as a premier corporate VAR. Computer
Reseller News (CRN) recognized the company as one of the Fastest Growing
Solutions Providers from 2012 to 2020. Business IT Source has also been
recognized in the Solutions Provider 500 and Tech Elite 250.   For more
information, visit www.bitsinc.com (http://www.bitsinc.com)

Business IT Source (BITS) was represented by martinwolf, an M&A advisory
firm serving the middle-market IT industry.

 

 

Enquiries:

 

Computacenter plc

 

Mike Norris, Chief Executive             +44 (0)1707 631601

 

Tony Conophy, Finance Director     +44(0)1707 631515

 

Business IT Source

 

Bob Frauenheim, CEO                      +1(0)630 452 1284

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