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

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?