Computacenter PLC (LSE:CCC), the IT company, announced the acquisition of US value-added reseller Business IT Source (BITS) for an undisclosed sum.
BITS, which helps customers manage the receipt and deployment of technology products, reported revenue of US$245mln and EBIT of US$8.9mln in 2021. Located in in Buffalo Grove, Illinois, it employs around 100 people.
FTSE 250-listed Computacenter said it will retain the existing BITS management team to run the business independently within Computacenter United States to maximise growth opportunities.
"Operating as a separate business unit will allow us to continue our personalised service while leveraging Computacenter's capabilities to best serve customers and associates," said Bob Frauenheim, chief executive and co-founder of BITS, in a statement.
Over time, BITS will be fully integrated into Computacenter's North American operations.
"Our US business continues to grow organically but we will take additional opportunities to improve our positioning. BITS gives us a much stronger presence in the Midwest of the United States," said Mike Norris, chief executive of Computacenter.