Getronics N.V.and Hagemeyer N.V. have agreed in principle to sell their value add business-to-business hardware distributor Pluz to Specialist Computer Holdings PLC (SCH). The transaction is still subject to certain conditions and the customary regulatory procedures are in process.
Getronics holding in Pluz was 49.9 % and was not consolidated into the Company’s results. Pluz was formed in 2001 after merging Getronics’ distribution subsidiary Datelcom with Hagemeyer’s Codis activities. Pluz is one of the key players in the Netherlands in hardware distribution activities to Value Added Resellers and System Integrators.
Fortis Bank has acted as financial advisor to Getronics and Hagemeyer in respect of the divestment of Pluz and Greenberg Traurig and Stibbe as legal advisors to Getronics and Hagemeyer, respectively.
About Getronics
With 23,000 employees in over 30 countries and revenues of EUR 3.6 billion in 2002, Getronics is one of the world's leading providers of vendor independent Information and Communication Technology (ICT) solutions and services. Getronics today combines the capabilities of the original Dutch company with those of Wang Global, acquired in 1999, and of the systems and services division of Olivetti. Getronics is ranked second worldwide in network and desktop outsourcing and fifth worldwide in network consulting and integration (Source: IDC July-August 2002).
Getronics designs, integrates and manages ICT infrastructures and business solutions for many of the world's largest global and local companies and organisations, helping them maximise the value of their information technology investments.
Getronics headquarters are in Amsterdam, with regional offices in Boston and Singapore. Getronics’ shares are traded on Euronext Amsterdam (‘GTN’). For further information about Getronics, visit www.getronics.com
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