The Channel logo

News

By | Paul Kunert 21st July 2011 13:00

Computacenter buys £5.4m-worth of DAMAX

You have to keep a watch on the Swiss

Computacenter (CC) has expanded its European footprint by splashing out £5.4m for a majority stake in Swiss IT service provider DAMAX AG.

Under the terms of the deal, services-based reseller CC has snapped up 80 per cent of the firm, which includes over 2m CHF net cash on the balance sheet.

London-based CC said this morning in a statement to the City that DAMAX is already a "significant subcontractor of services" to its Swiss customers and the acquisition will give CC a local presence to forge stronger ties with local businesses.

The founder and CEO at DAMAX will remain in the hot seat, but CC's intention – subject to meeting performance criteria – is to fork out for the remaining 20 per cent of the operation, costing 3.2m CHF (which is currently £2.4m) in cash, by mid-2015.

This is the fourth purchase CC has made this year, following deals cut with French reseller Top Info, German Apple house HSD Consult and a £500,000 investment to take a minority stake in Basingstoke-based Microsoft Gold partner ICS Solutions.

CC was unavailable for comment. ®

alert Send corrections

Opinion

Satya Nadella
cloud computing Fight

Tom Pappas

We all know hardware lasts longer than 3 years so why bin good kit?
frustration_anger_irritation_annoyance pain

Features

SAP Match Insights
Vorsprung durch grossendatatechnik, as we like to say in Germany
Inside the Google Lab where surgeons prepare the human/dog experiment
Big Blue exec tells El Reg what to keep an eye on
Windows 8.1 Update Start Screen
As good as it gets, for now
Is everything fatally borked? Not quite, say security godheads