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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Computacenter plc    CCC   GB00BV9FP302

COMPUTACENTER PLC

(CCC)
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Computacenter : acquires PathWorks GmbH in Switzerland

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03/04/2019 | 04:50am EDT

04/03/2019

Computacenter today announces that it has acquired PathWorks GmbH. ('PathWorks'), a value-added reseller, based in Neudorf (Luzern), Switzerland. PathWorks employs 10 people and in the year ended 31 December 2018, revenue was CHF14,7 million*. Computacenter will cover the cost of the transaction from its existing cash resources. The impact on Computacenter's results is not material, and this is not considered a significant transaction in accordance with Listing Rule 10.

'We are pleased with the opportunity to integrate PathWorks into Computacenter Switzerland. PathWorks brings a promising pipeline of customers in the public and private sector. Combined with the opportunities we have in our existing Computacenter customer base we believe that we have created a solid base for our sourcing business in Switzerland.'

Massimiliano D'Auria, Country Unit Director Switerzland

'With the acquisition of PathWorks we align our services and solutions offering in Switzerland better with Computacenter's portfolio. We will be able to source, transform and manage our customer's technology infrastructure and help them in their journey of digital transformation. Moreover, by increasing our European footprint in technology sourcing we will further strengthen our capability for our vendors partners to be their preferred route to market.'

Lieven Bergmans, Computacenter's Managing Director European Development

* Note: the financial information for PathWorks is sourced from unaudited accounts for the financial year to 31 December 2018.

Contact

For more information please contact:
Massimiliano.Dauria@computacenter.com
T: +41 79 414 52 52

About Computacenter

Computacenter is a leading independent technology partner, trusted by large corporate and public sector organisations. We help our customers to source, transform and manage their IT infrastructure to deliver digital transformation, enabling users and their business. Computacenter is a public company quoted on the London FTSE 250 (CCC.L) and employs over 15,000 people worldwide.

Disclaimer

Computacenter plc published this content on 04 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 March 2019 09:49:07 UTC

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Financials (GBP)
Sales 2019 4 823 M
EBIT 2019 126 M
Net income 2019 88,8 M
Finance 2019 91,9 M
Yield 2019 2,39%
P/E ratio 2019 17,1x
P/E ratio 2020 16,4x
EV / Sales2019 0,29x
EV / Sales2020 0,27x
Capitalization 1 496 M
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Mean consensus BUY
Number of Analysts 6
Average target price 1 490,33  GBp
Last Close Price 1 326,00  GBp
Spread / Highest target 41,9%
Spread / Average Target 12,4%
Spread / Lowest Target -4,98%
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Michael John Norris Chief Executive Officer & Executive Director
Gregory Lock Non-Executive Chairman
Andy Stafford Group Chief Operating Officer
Francis Anthony Conophy Director-Group Finance & Executive Director
Mark Slaven Group Chief Information Officer
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