Computacenter plc Completes Pivot Technology Solutions Acquisition

*Financial Information ($USD)

Enterprise Value: $196.4 Million
EV/REV: 0.18x
EV/EBITDA: 8.51x

Transaction Update

Computacenter plc announced this week that had completed its acquisition of Pivot Technology Solutions (originally announced Sept. 9)
Pivot’s shares are planned to be delisted from the Toronto Stock Exchange at the close of business on Nov. 4
Today, Pivot is a wholly owned subsidiary of Computacenter.

martinwolf Analysis

Consistent Performance: Computacenter has consistently performed well this year, issuing a positive Q3 trading update the day before Britain announced a new four-week lockdown.
Looking to 2021: Computacenter expected this acquisition to have a “marginal positive effect on 2020 results,” but for it and a concurrent acquisition of BT Services France to “add significantly” in 2021
The Art of the Deal: Successfully bringing companies together is a core competency for Computacenter CEO Mike Norris and his senior leadership team.

For more information about this transaction, click here to read the press release.

*Financial information from Factset

martinwolf was not the advisor in this transaction.

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