Deal Snapshot
SYSTEMAX CLOSES USD 270M SALE OF FRENCH IT OPERATIONS TO BECHTLE
Wednesday 05 September 2018

US-based industrial and technology products provider Systemax Inc. (NYSE: SYX) has closed the previously announced sale of its France-based IT business to Bechtle AG, the company said. The sale was denominated on a cash-free, debt-free basis and included normalised working capital adjustments.
Total cash provided from the sale, before tax and transaction expenses but inclusive of cash on hand in France, was approximately USD 270m at current exchange rates.


TKUqg0 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com
Details
Date Published: 05/09/2018
Target: Inmac Wstore IT
Country: USA
Sector: IT/Online Services
Type: Divestment
Financing:
Status: Closed
Vendor: Systemax Inc
Buyer: Bechtle AG
Comment:
Terms of the deal were not disclosed

Options