Getronics today announces that it has closed the sale of 33,500 Class B Preferred Stock in the US network solutions company DigitalNet Inc. to DigitalNet itself. The cash proceeds from the sale are USD 27 million and the book profit is approximately EUR 5 Million.
This transaction is part of the Company’s non-core assets disposal programme. The proceeds will be used to further strengthen the Company’s balance sheet.
Getronics acquired the DigitalNet shares in 2002 as part of the sale of Getronics Government Solutions. DigitalNet builds integrates and manages enterprise-wide network computing solutions for government organisations.
Claris Capital has acted as financial advisor to Getronics in respect of the sale of the shareholding in DigitalNet.
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 fourth worldwide in network consulting and integration (Source: IDC 2002-2003).
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