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Tuesday 13 August 2019

Computacenter buys back RDC business from Arrow

cccComputacenter has said it will buy the IT asset disposal business from distributor, Arrow, to ensure continuity of service for its own customer base. This is what was Computacenter’s RDC business, originally sold to Arrow in 2015.

In its Q2 results announced in July, Arrow said it was winding down the business, which it believed was “not sustainable over the long term” and “no longer aligned with our strategy”. The market for these services has changed significantly over the years as approaches to PC use and ownership have evolved.

Other asset disposal players will undoubtedly have been circling, but we suspect Computacenter’s knowledge of the business combined with its ability to move quickly enabled it to win out.arr

Computacenter CEO, Mike Norris, said that while “we have investigated working with other partners, we believe that acquiring RDC is the most straightforward way to guarantee continuity of service to our major accounts”.

In 2015, Computacenter sold the business to Arrow for £56m in view of it not being core to its proposition. While the irony of Arrow's sale back to Computacenter for essentially the same reason is not lost on us, it is ultimately a very sensible move for both sides. Computacenter would not have paid anywhere near the £56m it got for RDC's disposal four years ago, and while it might not be 'money spinning' in itself, ensuring customers continue to have access to these services as part of larger infrastructure/services contracts makes it a very worthy investment.

Posted by Kate Hanaghan at '09:29' - Tagged: acquisition  

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