Insight Enterprises acquires Rmann Saveliev | 24.06.2019
The deal company Insight Enterprises (IE) identified 581 million dollars. In accordance with the terms, it will become PCM at a price of $ 35 per share, 36% more than the average closing price for the month
as of June 21, 2019. It will not increase its global market presence, but will give greater access to a number of major UK clients.
Insight CEO Ken Lamneck noted that the acquisition of PCM will help even more Insight to transform from a reseller, specializing in the products of a respected global supplier
solutions. Also, the company will receive 40 offices in three regions and 4,000 employees, including more than 2,700 people working in the sales, maintenance and services.
The biggest change is the arrival of a 1000 strong software developers, among which are architects of solutions. At the time when Lamneck was appointed General
Director, Insight literally did not have such specialists.
Over the last 18 months PCM was actively developing due to the acquisition of Stack Group and Provista UK. Note that the company worked closely with customers from the scope of the state
It is expected that by the end of 2021 Insight will receive the “annual synergy effect at the level of about $ 70 million. United States.” And more than half are expected to be in the first 12-18 months.
The transaction has already been approved by the management of PCM, you only have to obtain the support of shareholders. It is scheduled for completion in the second half of the year.
Insight Enterprises – based in Arizona, global technology company working on the stock exchange and specializing in business capabilities and information technology to businesses.