In Brief

CHS Electronics has reported a massive 392 per cent increase in profitability, after it reported a net profit of $11.4 million and sales of $1.1 billion in the quarter ended 30 September.

Parametric Technology has agreed to acquire Computervision, a developer of computer designed software, for $260 million in stock. Parametric claims the move will allow it to expand its presence in the automotive and aerospace industries.

Distribution Group Arrow has integrated PC specialist component supplier Multichip into a group called Arrow Computer Products. The group will include MMD's PC division, the specialist field salesforce and Microtronica.

The High Court granted a creditors' winding up petition against Display IT. The petition was brought by Software Design & Construction, which designed Display's main product.

Tplc has relocated from Covent Garden to the the Strand as part of the systems integrator's drive to reach its #1 billion turnover by 2000.