Computacenter, one of the largest IT solution providers in the United Kingdom, said it has acquired Business IT Source in a bid to increase its market reach in the Midwestern region of the United States.
With this acquisition, Computacenter is getting 100 new employees based in the United States who are expected to work with the business as a part of a separate operating unit within Computacenter United States.
In 2021, Business IT Source reported revenue of around 245 million dollars, along with an EBIT (earnings before interest and taxes) of around 8.9 million dollars. Prior to the acquisition, the company had a significant presence in the United States, with an annual revenue of approximately 2.6 billion dollars.
This has primarily been the result of two acquisitions. The 2.6-billion dollar figure is around 39 percent of total worldwide revenue of Computacenter of 6.7 billion dollars. The executives of Computacenter has declined to comment on the record regarding the acquisition.
In a statement, Mike Norris, chief executive officer of Computacenter Group, said the US business of Computacenter continues to grow organically, and the acquisition of BITS is an opportunity to improve the positioning of the company.