IT services provider Computacenter acquired value-added reseller Business IT Source (BITS) for an undisclosed amount.
This is technology M&A deal number 631 covered by ChannelE2E today in 2022. View more than 1,000 technology M&A deals involving MSPs, MSSPs, and IT service providers listed here.
Computacenter acquired BITS
Computacenter, founded in 1981, is based in Hatfield, England. The company has 13,228 employees listed on LinkedIn. Computacenter’s areas of expertise include technology infrastructure sourcing, innovation and management and digital innovation.
BITS, founded in 2008, is based in Buffalo Grove, Illinois. The company has 40 employees listed on LinkedIn. BITS’s areas of expertise include IT solutions and equipment, computer systems, cloud solutions, product stocking, converged solutions, security, data center services, warehousing and configuration, asset tagging, project management and on-site services.
BITS reported revenue in 2021 of approximately US $ 245 million with EBIT of approximately $ 8.9 million.
BITS’s existing leadership team will remain to operate the business as a separate operating unit within Computacenter United States to maximize growth opportunity, the company said. The business and the team will be fully integrated into Computacenter’s North American operations over time, according to Computacenter.
Computacenter acquired BITS: Executive Insight
Mike Norris, CEO, Computacenter Group
Mike Norris, CEO, Computacenter Group, commented:
“Our business in the US continues to grow organically but we will take additional opportunities to improve our positioning. BITS gives us a stronger presence in the Midwest of the United States and brings some talented people, customers and leadership to our business. The Buffalo Grove Integration Center will allow us to serve more of our customers in the Midwest region locally over time, helping us achieve our sustainability goals. I am confident that the BITS leadership will take the opportunity to continue their current growth momentum. ”
Bob Frauenheim, CEO and co-founder, BITS said:
“We are excited to be part of the Computacenter family. This gives us the opportunity to provide a wider range of capabilities to our customers and growth opportunities for our people. Operating as a separate business unit will allow us to continue our personalized service while utilizing Computacenter’s capabilities to best serve customers and colleagues. ”
North American Computacenter Moves
Computacenter is slowly moving into the North American market, most recently acquiring Canadian IT solutions provider Pivot Technology Solutions for approximately US $ 80 million. The company’s first move to the region was in 2018 with the purchase of FusionStorm.
In 2017, the company also acquired ServiceNow Gold Services Partner TeamUltra.