Feeds

EuropaIT exits PC biz in France

Seeks buyer

  • alert
  • submit to reddit

EuropaIT has given up the fight to turnaround its French PC distribution business. The privately-owned company has also hired PricewaterhouseCoopers to explore options, including restructure around profitable elements, or a sale of some or all of the company's assets. It says it will make a decision on its future in the next few weeks.

Three French legal entities, Metrologie SA, CHS France and Europe du Sud, were placed into receivership on January 30, and are continuing to operate while a buyer is sought.

Metrologie Systems, the part of the group which handles servers and enterprise storage, is unaffected by the announcement. And operations in the Nordic region and Eastern Europe are safe "as there are no inter-group guaranties related to the French PC business".

EuropaIT is in effect a management buyout of the bulk of the European operations of CHS Electronics, now defunct, but for a short while the world's second biggest computer distributor.

The company says it was unable to "make up for the very weak capital base of the PC business, inherited from the previous owner, CHS Electronics Inc", despite vendor support and "superhuman" efforts from French management. Turnover is currently $1bn making the business one of Europe's top six IT distributors. ®

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.