FTSE 250 IT giant buys Dutch firm
British IT services provider Computacenter has acquired Misco's last-remaining European subsidiary in the Netherlands.
The Dutch arm of computer reseller Misco, which collapsed into administration last year after almost three decades, employs approximately 200 people and generated revenues of €134 million in 2017.
Computacenter is a provider of IT infrastructure services and solutions to large corporate and public sector organisations. The public company is listed on the London FTSE 250 and employs around 15,000 people worldwide.
"While we mainly focus on organic growth, we are interested in acquisition opportunities which either enable us to enter new markets or enhance our services and solutions for our customers," said group chief executive Mike Norris.
"The Netherlands is an adjacent European market for us and we are excited by the opportunity to build the long-term trust of government organisations and some of Europe's largest companies headquartered there.
"Our direct local presence in the Netherlands will also allow us to enhance our support to a number of Computacenter's largest international clients for whom this is a key location."
The financial terms of the deal have remained undisclosed.