Computacenter’s Pivot purchase approved by shareholders

Computacenter’s £61.75 million acquisition of Pivot has been approved by the Canadian outfit’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 and 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 $1.2 billion in 2019.

Computacenter boss Mike Norris’s cunning plan is to create a US business which mirrors the European success.