Systemax Completes Acquisition of Business IT Supplier WStore Europe

NYSE-quoted Systemax , a multi-channel retailer of computers, electronics and industrial products, today announced it has completed the acquisition of WStore Europe, SA, a supplier of business IT products with operations in France (Inmac WStore SAS and I-Com Software) and in the United Kingdom (WStore UK Limited).
The financial terms of the acquisition were not disclosed.
Commenting on the acquisition, Richard Leeds, Chairman and Chief Executive Officer of New York-based Systemax, was reported as saying: “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”.

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