Acquisition

Acquisition - DAMAX AG Computacenter plc, Europe's leading independent provider of IT infrastructure services, today announces that it has acquired a majority stake in the Swiss IT service provider, DAMAX AG. DAMAX AG is already a significant subcontractor of services to Computacenter and this acquisition will enable Computacenter to strengthen its long-term relationships with customers present in Switzerland.  Computacenter has acquired 80% of the equity, as well as over 2 million CHF net cash on the balance sheet, for a debt free cash consideration of 7.2 million CHF (5.4 million GDP). The remaining 20% stake of DAMAX AG will be held by the founder of the business who will continue as CEO.  Computacenter will acquire the remaining 20% stake of the equity by mid 2015, for a cash consideration of up to 3.2 million CHF (currently 2.4 million GDP), subject to the achievement of agreed performance criteria over the next 3.5 years. Enquiries: Computacenter plc Mike Norris, Chief Executive 01707 631601 Tony Conophy, Finance Director 01707 631515 Tessa Freeman, PR Manager 01707 631514 Tulchan Communications 020 7353 4200 Christian Cowley Lucy Legh This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Computacenter PLC via Thomson Reuters ONE [HUG#1532528]
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