Logicom acquires NewCytech
2009-08-07 Cyprus : value-added broadliner Logicom has acquired for €3.015m 36.77% of issued shares of Cyprus-based NewCytech Business Solutions, which is actively involved in the sector of IT services. Logicom has also signed an acquisition plan of all other issued shares of Newcytech for €7.95m, readjusted to the basis of the future results of Newcytech. NewCytech also is a distributor, thanks to its partnership with Acer. Logicom has an option NewCytech’s range of services includes high availability, storage and backup, disaster recovery, security, OS support and implementation, networking and communications, wireless, IP telephony, maintenance, consulting, help-desk and outsourcing around brands like IBM, HP, Lenovo, Acer, Cisco, Microsoft and Oracle. As Logicom is becoming more and more a VAD thanks to its partnerships with Cisco, HP, IBM or Trend Micro, NewCytech Business Solutions acquisition is logical as it should allow it provide additional services required to help its VARs and integrators.
