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. Â 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. Â 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
[HUG#1532528]
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.