Computacenter's North American acquisition approved by shareholders

Pivot deal expected to close on 2 November

Computacenter's £61.75m acquisition of Pivot has been approved by the Canadian firm's shareholders.

The deal was first announced in September and will see Computacenter double the size of its business in the US.

Computacenter confirmed that shareholder approval had been given in a release published to the London Stock Exchange at 17:45 BST on Friday.

The Hatfield-based firm said that the Ontario Superior Court is now expected to approve the acquisition, leaving the deal to be completed on Monday 2 November.

The US arm of Computacenter is set to be integrated into Pivot, doubling US revenue and headcount. Pivot's US sales were $1.2bn in 2019.

Speaking to CRN on the day the acquisition was announced, Computacenter boss Mike Norris said he wants to create a US business as close to its European one as possible.

"This helps us on this journey," he said. "It doesn't do everything but it helps us, just like [the acquisition of] FusionStorm two years ago did."