GE Capital IT Solutions has plugged a small gap in its European network by acquiring a leading Portuguese dealership.
The giant US reseller is to fold CPC Si into its wholly owned Portugese subsidiary Ameridata Global Portugesa.
It is changing the name of the merged company to GE Capital IT Solutions. Terms of the deal were undisclosed. Antonio Bernard Ferreira, CPS Si's former owner is staying on at the company, where he will share managing director responsibilities with Jose Salgado Braz, former MD of Ameridata.
The newly enlarged group will be Portugal's second biggest reseller with annual sales of more than $25 million. Operating in Lisbon and Oporto, Portugal's two major markets, the subsidiary's customers are drawn from financial and government sectors.
"There is also drop-in business from international customers," GE spokeswoman Fiona Stollman, said. "It is one of the many advantages of being part of a global business."
This year, GE Capital IT Solutions is targeting major acquisitions in France, Italy and the UK. A Benelux presence is also high on the company's wish-list, Stollman said. "For tax reasons, there are a lot of global companies in Holland. And we want to be where the decision makers are."
She declined to reveal how many resellers the company has approached.
GE Capital ITS is one of the world's biggest resellers with $5 billion annual sales. It is also number three in Europe, behind the UK's Computacenter and Dutch-owned Info'Products. But the vast bulk of its $1 billion turnover comes from German operations, formed through last year's purchase of Compunet, the country's biggest reseller.It has a #65 million business in the UK. But other operations - in Greece, Austria, Portugal, Norway and Denmark - service comparatively small, fringe markets.
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