LONDON (dpa-AFX) - Computacenter plc (CCC.L) announced it acquired fusionstorm, a provider of IT solutions in the United States of America. An initial cash consideration of $70 million was paid upon completion of the acquisition. Up to $20 million of additional deferred cash consideration may become payable depending on the levels of adjusted EBITDA and gross profits achieved by FusionStorm over the 15-month period following completion. Computacenter will contribute a further $45 million into FusionStorm to refinance existing facilities.
Computacenter intends to integrate its existing US business with FusionStorm leading to the current Computacenter employee headcount in the Americas region increasing by circa 50 percent as a result of the transaction. The current CEO of FusionStorm, Dan Serpico, will hand over his role over the coming months to the existing Computacenter US CEO, Mike Keogh.
For the year ended 31 December 2017, FusionStorm reported profit before tax of $3.9 million on turnover of $595.5 million and had gross assets of $225.0 million as at 30 June 2018.
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