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SCC moves from wholly owned to global business partner relationships in Germany and Italy

Group’s focus on profitability underpins transaction rationale

SCC moves from wholly owned to global business partner relationships in Germany and Italy, as part of its focus on profitability.

Part of SCH (Specialist Computer Holdings plc), Europe's largest privately owned IT group, SCC has sold its trading business in Germany to Burotex Systemhaus, one of the top system houses, and its trading business in Italy to one of the leading distribution and services players, the Bartolini Progetti Group.
 

Whilst SCH has invested consistently over a 9 year period in SCC’s operations in both countries, the strategic decision to divest ownership of SCC Germany and SCC Italy will enhance Group profitability.

Burotex has been appointed SCC’s partner for Germany and the Bartolini Progetti Group for Italy with immediate effect. They will work in partnership with SCH to drive international business opportunities for both organisations. Both Burotex and Bartolini will retain and trade through the SCC brand until 31st October 2009.

Sir Peter Rigby, Chairman and Chief Executive of SCH, said:

“In the current trading climate, our focus is on maintaining our track record of profitable organic growth, which may be underpinned by transactions, sale or acquisition. For this reason, we have made the decision to sell SCC Germany and SCC Italy. We will work in close partnership with the new management teams, with the aim of generating international business opportunities.

Werner Fuhrer of Burotex, commented:

“We are confident this strategic acquisition will enhance and extend our market positioning. We look forward to working with SCH to generate new international business opportunities. ”

Massimo Bartolini of the Bartolini Progetti Group, added:

“This acquisition will strengthen our presence in the technology sector. Our new partnership with SCH and SCC’s current management team is set to grow our business in Italy and internationally.”

SCH closed its financial year to 31 March 2009 on a positive footing and will deliver a 17% revenue increase. Chairman and Chief Executive Sir Peter Rigby, commented:

“In spite of the global economic down turn, Group revenues are robust. It is too soon to discuss profitability in detail and these are unprecedented times, but we remain cautiously confident about our outlook for our current financial year.”