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.
Forward-Looking Statements
This press release contains forward-looking statements about the
Company’s performance. These statements are based on management’s
estimates, assumptions and projections and are not guarantees of future
performance. The Company assumes no obligation to update these
statements. Actual results may differ materially from results expressed
or implied in these statements as the result of risks, uncertainties and
other factors including, but not limited to: (a) unanticipated
variations in sales volume, (b) economic conditions and exchange rates,
(c) actions by competitors, (d) the continuation of key vendor
relationships, (e) the ability to maintain satisfactory loan agreements
with lenders, (f) risks associated with the delivery of merchandise to
customers utilizing common carriers, (g) the operation of the Company’s
management information systems, and (h) unanticipated legal and
administrative proceedings. Please refer to “Risk Factors” and the
Forward Looking Statements sections contained in the Company’s Form 10-K
for a more detailed explanation of the inherent limitations in such
forward-looking statements.
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