PORT WASHINGTON, N.Y., Sep 18, 2009 (BUSINESS WIRE) — Systemax Inc. (NYSE:SYX) today announced it has completed the previously-announced acquisition of WStore Europe, SA, a European supplier of business IT products with operations in France (Inmac WStore SAS and I-Com Software) and in the United Kingdom (WStore UK Limited). Financial terms of the acquisition were not disclosed.
Richard Leeds, Chairman and Chief Executive Officer of Systemax, commented, “The European IT market is large and fragmented and that presents tremendous opportunities for growth. This acquisition strengthens our presence and enables us to leverage our current infrastructure in both France and the UK, where we already have substantial operations.”
About Systemax Inc.
Systemax Inc. (http://www.systemax.com), a Fortune 1000 company, sells personal computers, computer supplies, consumer electronics and industrial products through a system of branded e-commerce web sites, retail stores, relationship marketers and direct mail catalogs in North America and Europe. The primary brands are TigerDirect, CompUSA, Circuit City, MISCO and Global Industrial. It also manufactures and sells computers and accessories under the Systemax and Ultra brands.