Computacenter PLC
04 January 2007
Computacenter plc, the European IT infrastructure services provider is pleased
to announce the acquisition of Digica Group, specialists in IT infrastructure
and application services, from Bridgepoint Capital, Lyceum Capital (through its
investment in Fox IT) and management shareholders. The consideration paid for
Digica amounts to £15.9 million, in addition to which Computacenter will settle
assumed debt of £12.1 million, both of which are to be satisfied from cash
reserves.
Digica is a provider of IT services to medium sized public and private sector
organisations. The company operates purpose-built datacentres as well as remote
management and application services from Nottingham, Leeds and Warrington in the
UK, and Cape Town, South Africa. In the year ended 30 June 2006, Digica's EBITDA
totalled £2.067 million on revenue of £19.4 million and had gross assets
amounting to £16.9 million, at that date.
The acquisition of Digica supports Computacenter's strategic plan to deliver
services growth, particularly in the medium sized public and private sectors and
the expanding datacentre services market. Digica's business is scalable and its
revenues are derived from services, 85% of which are of a recurring or long-term
contractual nature. The addition of remote management and application services
from Cape Town, complements Computacenter's purpose-built services centre in
Barcelona and enables Computacenter to offer lower cost off-shore services to
clients. These factors, combined with Computacenter's ability to add value to
Digica's existing clients, will provide benefits to both companies and their
clients.
Mike Norris, Chief Executive of Computacenter, commenting on the acquisition,
said:
'The additional skills, facilities and scope of operation acquired through
Digica, strengthen our ability to run and manage clients' datacentres,
especially when combined with our existing datacentre transformation and support
offerings. This will enhance the overall offering to our clients, combining
excellent service quality and reduced operational risk, with superior value for
money'.
Mark Howling, Chief Executive of Digica, comments:
'This is a very exciting development for Digica and supports our objective to
become recognised as the leading supplier of IT managed services and outsourcing
to the medium sized public and private sectors. We have been looking very
carefully for the right opportunity to expand our capacity and capability and I
am delighted we have become a part of Computacenter'.
Enquiries:
Computacenter plc:
Simon Walsh, Services Managing Director 020 7593 4666
Tony Conophy, Finance Director 01707 631515
Tessa Freeman, Investor Relations 01707 631514
www.computacenter.com
Tulchan Communications
Stephen Malthouse 020 7353 4200
www.tulchangroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
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