Monday, June 24, 2019

Insight Enterprises Acquires PCM For $581M

Tempe, Arizona-based Insight Enterprises, the provider of hardware, software, and services, said this morning that it would pay $581M to acquire El Segundo, California-based IT products and services provider PCM. PCM provides hardware, software and services to small, mid-sized and corporate/enterprise commercial clients, state, local and federal governments and educational institutions across the United States, Canada and the United Kingdom. Insight said that PCM has over 4,000 employees spread across those through countries. According to Insight, it expects to gain cost synergies of approximately $70M by the end of 2021 through the merger, primarily related to the consolidation of IT and delivery systems, and real estate and operational integration. Both companies supply technology services to their customers.