PCM announces completion of acquisition of En Pointe Technologies assets.
WORLDWIDE COMPUTER PRODUCTS NEWS-April 3, 2015-PCM announces completion of acquisition of En Pointe Technologies assets
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Technology solutions provider PCM Inc (Nasdaq:PCMI) announced on Thursday the completion of its acquisition of certain assets of En Pointe Technologies Sales Inc (En Pointe), an independent IT solutions provider.
PCM had entered into an agreement to acquire the assets of En Pointe's IT solutions provider business, excluding current tangible assets, such as accounts receivable and inventory.
Under the terms of the agreement, PCM paid an initial purchase price of USD15m in cash and will pay certain contingent earn-out consideration over a three year period.
Reportedly, these assets were acquired by an indirect wholly-owned subsidiary of PCM, which subsidiary now operates under the En Pointe brand.
According to PCM, En Pointe is the largest acquisition by it till date based on revenues and is expected to significantly enhance PCM's relationships with several key vendor partners, provide incremental advanced technical certifications and operational expertise in key practice areas, while bringing the consolidated business significantly increased scale. Also, this acquisition is consistent with PCM's commitment to grow its business in the areas of software and advanced technology solutions.
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|Publication:||Worldwide Computer Products News|
|Article Type:||Brief article|
|Date:||Apr 3, 2015|
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