Computacenter buys US-based FusionStorm for up to $90m

1st Oct 2018 07:34

(Sharecast News) - Computacenter said it had bought US-based IT firm FusionStorm for up to $90m (£69m) plus $45m in refinancing. Computacenter said it would integrate its existing US business with FusionStorm leading to a 50% rise in headcount in the Americas region.The company said it had paid $70m in cash and a further $20m may become payable depending on the levels of adjusted eearnings before interest, tax, depreciation and amortisation and gross profits achieved by FusionStorm over the 15-month period following completion.Computacenter said it would contribute a further $45m into FusionStorm to refinance existing facilities. All will be funded by an existing Computacenter debt facility of £100m and from the group's existing cash resources as required.