Computacenter has snapped up the reseller division of ECS Belgium for the bargain basement price of 1.64 million euros.
Europe's biggest reseller says it will fund the purchase of the 20 million euro turnover business from cash.
It has installed channel veteran and one-time head of Info Products UK Mohammed Siddiqui to run the new subsidiary.
ECS is an IT subsidiary of French bank Societe Generale. The company specialises in technology financing and asset management, from purchase through to disposal.
ECS's reseller subsidiary, now renamed Computacenter NV/SA, ranks number five in the league table of Belgian computer dealerships, according to industry newsletter PC Europa.
The purchase calls into question Computacenter's relationship with leading Belgian reseller, Systemat.
Phil Williams, head of corporate marketing at Computacenter, acknowledged that "potentially there could be some long-term threat to the relationship, but Systemat is much bigger than we are in this market, and we are not looking to compete with them."
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