Computacenter Share News (CCC)

(Sharecast News) - IT infrastructure services provider Computacenter has bought Dutch IT and communication solutions provider Misco Solutions.For the year to the end of December 2017, Misco - which employs around 200 people - generated revenue of approximately €134m. Computacenter did not disclose any financial details of the deal but said it will be funded from existing cash resources. It added that the impact on its results is not material.Lieven Bergmans, Computacenter's managing director European development, said Misco offers a great base of experienced people and established major customers to grow a stable, long-term business in a key European market. "In addition to our financial strength and stability, we can bring value to both existing and new customers in the Netherlands through access to Computacenter's resources, expertise and international capabilities," he said.Chief executive Mike Norris said: "While we mainly focus on organic growth, we are interested in acquisition opportunities which either enable us to enter new markets or enhance our services and solutions for our customers. The Netherlands is an adjacent European market for us and we are excited by the opportunity to build the long-term trust of government organisations and some of Europe's largest companies headquartered there. Our direct local presence in the Netherlands will also allow us to enhance our support to a number of Computacenter's largest international clients for whom this is a key location."At 1020 BST, the shares were up 1.2% to 1,372p.