The Channel logo

News

By | Drew Cullen 25th January 2005 20:26

Computacenter flees Austria

Disposal

Computacenter is to sell its lossmaking Austrian subsidiary for an undisclosed sum. Computacenter Austria employs 220 people, turns over around £50m a year and had a net asset value of €2.7m as of December 2003. Computacenter says the disposal is not material to the group or to its German operations.

The buyer, S&T System Integration & Technology Distribution, will join Computacenter's international network, in countries across central and easten Europe, as well as Austria. The deal is subject to regulatory approval and is expected to close in February 2005.

Computacenter entered the Austrian market in February 2002 through the acquisition of GECITS Germany and Austria. GECITS was the European reseller arm of GE Capital, long since abandoned.

More here. ®

Related stories

France weighs down Computacenter
Computacenter hit by PC price tumble
Computacenter returns to Germany

alert Send corrections

Opinion

Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella
Stranded_ships

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral

Features

STRASBOURG, JUNE 29, 2016: The seat of the European Parliament. by Marco Aprile for shutterstock. EDITORIAL USE ONLY
Plan b, image via Shutterstock
EU workers, new markets: post-Brexit pressure on May & Co
Tough question, pic via Shutterstock
Honest mistake with your licensing? Audit police look at it on a 'case by case basis'