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.
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