Tag: Pivot

Computacenter’s Pivot purchase approved by shareholders

Posted on October 26, 2020 by - News

Computacenter’s £61.75 million acquisition of Pivot has been approved by the Canadian outfit’s shareholders.

The deal was first announced in September and will see Computacenter double the size of its business in the US.

Computacenter confirmed that shareholder approval had been given and the Ontario Superior Court is now expected to approve the acquisition, leaving the deal to be completed on Monday 2 November.

Computacenter doubles in size with Pivot deal

Posted on September 9, 2020 by - News

Computacenter has swallowed the Canadian firm Pivot Technology Solutions and effectively doubled its size.

CEO Mike Norris said: “The acquisition of Pivot represents an opportunity to increase our scale, geographic footprint and capabilities in the US. Canada expands our total market opportunity and helps us meet the needs of international customers.

Computacenter will pay CAD $105.8 million for Pivot in a deal which has been recommended by the Canadian firm’s board, but still requires shareholder approval.

The US arm of Computacenter will be integrated into Pivot, the firm added, doubling US revenue and headcount. Pivot’s US sales were $1.2 billion in 2019.