Computacenter has snapped up Misco’s last-remaining European subsidiary in Amstelveen in Holland.
Misco Solutions employs around 200 staff and booked revenues of €134 million last year.
Computacenter claiming to have covered the cost of the transaction using existing cash resources, which presumably means breaking into the piggy bank and looking down the back of the sofa.
The sale went through three months of negotiations and Centralpoint and Bechtle were in the frame to buy the outfit before Computacenter.
The deal marks Computacenter’s first direct presence in the Holland and should give a boost to its Benelux business.
Computacenter CEO Mike Norris said: “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. 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.”
Misco’s Dutch arm is the company’s last-standing subsidiary on the continent following the collapse of Misco UK in October 2017, which preceded subsequent closures across Europe.
