Computacenter acquires US reseller Business IT Source

Technology services firm Computacenter has acquired US value-added reseller Business IT Source for an undisclosed sum.

Computacenter said on Wednesday that BITS' existing leadership team will stay on to run the business as a separate operating unit within the firm's US division as part of an effort to maximise the growth opportunity.

The FTSE 250-listed group added that both the business and the team will be fully integrated into its North American operations over time.

BITS reported revenue of approximately $245.0m in 2021, with underlying earnings of about $8.9m.

"Our US business continues to grow organically but we will take additional opportunities to improve our positioning. BITS gives us a much stronger presence in the Midwest of the United States and brings some great people, customers and leadership to our business," said chief executive Mike Norris.

"I am confident that the BITS leadership will seize the opportunity to continue their current growth momentum."

Reporting by Iain Gilbert at Sharecast.com