Local diversified technology services firm UXC has
quietly sold off a part of the Getronics business it acquired
earlier this year.
"We've started to reshape Getronics, by selling its physical
maintenance and servicing arm to a competitor in a joint venture
arrangement so that we can focus more on the professional services
side," said UXC executive chairman Geoff Lord in a statement to
the Australian Securities Exchange this morning.
Lord described the division as the "break and fix" arm of
Getronics, saying it maintained and serviced desktop systems.
UXC finance director Mark Hubbard declined to detail who had
picked up the Getronics chunk, saying that UXC could not disclose
the buyer's identity without their permission. He said UXC had not
previously disclosed the deal because it was not material to his
In general UXC was currently involved in obtaining synergies
from the Getronics acquisition by driving the business "harder and
more efficiently", Lord said. UXC had spent $7 million on
reshaping Getronics' IT platform.