Feeds

Insight shuts German ops

Action Stations

  • alert
  • submit to reddit

Insight Enterprises is shutting down in Germany. The IT mail order giant is to focus its European operations entirely around the UK, where it recently bought Action Computer Supplies.

Insight is to shut Germany by the end of the year, and the Tempe, Arizona reseller will take an unspecified charge in Q4 to account for closure costs.

It set up in the country in December 1998, buying Computerprofis Computersysteme, a $50m t/o reseller based near Frankfurt. Insight paid $6 million in cash and $2.4 million in stock. A profit-related performance commitment for five years was also agreed, but as the German op is historically lossmaking - Insight says - there is unlikely to be a nasty surprise here for shareholders.

Insight set up in the UK also in 1998, through the acquisition of Choice, a fast-growing but financially stricken mail order reseller based in Notts.

Following the takeover of Action Computer Supplies for £27m cash in October this year, Insight claims that it is the UK's fifth biggest reseller and the country's biggest IT mail-order business. ®

Related Stories

Insight completes Action takeover
Insight into German market

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.