CSC Agrees to Sell Southeast Asia Reseller Unit

Business Wire
Share
Wednesday, February 20th 2013
Advanced

CSC has reached a definitive agreement with a consortium comprising ITOCHU Techno-Solutions Corporation (“CTC”) and ITOCHU Corporation for the sale of CSC’s Enterprise Systems Integration (ESI) unit, a reseller of enterprise hardware and software and a provider of maintenance services with operations in Malaysia and Singapore, for $90 million in cash.

This transaction, representing CSC’s fourth divestiture within the last four months, furthers CSC’s transformation strategy to rebalance its portfolio of services.

"The sale of ESI marks our continued realignment of company assets with our strategy of leading the next generation of technology solutions and services including cybersecurity, big data and cloud computing," said CSC President and CEO Mike Lawrie. "We are focusing our attention on high-value solutions for clients in Singapore, Malaysia and other parts of Southeast Asia."

In fiscal 2012, ESI’s revenue was approximately $180 million with mid-single digit operating margins. ESI’s results will be recast as discontinued operations. ESI’s results had been previously reported within CSC’s Business Solutions & Services sector.

The transaction is expected to close in March 2013.

About CSC

For more information, please visit CSC’s company profile.

Click here to subscribe to Mobile Alerts for CSC.

Contacts

CSC
Marcel Goldstein
Corporate Public Relations
703-641-3271
mgoldstein@csc.com
or
Steve Virostek
Investor Relations
703-641-3000
investorrelations@csc.com

Business Wire logo Copyright (2013) Business Wire.
All Rights Reserved.