US parts distributor PC Servicesource has bought a 19.5 per cent stake in Cheshire-based parts supplier Delostar.
George Buchan, Delostar managing director, confirmed there had been ?a cash injection? from PC Servicesource, but stressed that there were no plans for acquisition. Delostar will become PC Servicesource?s exclusive UK partner.
Delostar will link to up to PC Servicesource?s $14 million IT infrastructure, which will enable it to source spare parts worldwide, said Buchan.
?Access to the systems developed by PC Servicesource will mean that the pan-European market will experience for the first time the benefits of what I believe are the most sophisticated logistics processes and capabilities available.?
Mark Hilz, president and CEO of PC Servicesource, said the company?s best opportunity for ?global expansion? was by accessing local markets.
Delostar provides parts and service for OEMs and resellers including ICL, Hewlett Packard and IBM. It has turnover of about #8 million. PC Servicesource supplies parts and service logistics to OEMs and maintenance firms. It distributes parts from 30 manufacturers and turns over about $110 million.
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