IT solutions provider CDW has announced it has entered into a definitive agreement to acquire Sirius Computer Solutions for $2.5 billion, subject to customary closing adjustments.
The firm says the takeover, which is expected to close in December, will "significantly accelerate” its services and solutions capabilities, as well as enhance its ability to solve customers’ “increasingly interconnected and complex technology challenges”.
Founded in 1980, Sirius specialises in providing secure, mission-critical technology-based solutions to around 3,900 large and mid-sized customers. One of the largest IT solutions integrators in the US, the company generated net sales of $2.04 billion in 2020, which it attributes to a service-led approach, broad portfolio of hybrid infrastructure solutions and staff expertise.
“As customers require increasingly complex and critical digital transformation initiatives, Sirius’ broad portfolio of world-class technology-based solutions and services-led approach will immediately add to our capabilities to meet this demand,” explained Christine A. Leahy, president and chief executive officer at CDW.
“Combining our businesses will accelerate progress on our three-part growth strategy by augmenting our portfolio and enhancing our ability to deliver customer-centric outcomes across the full technology solutions stack and lifecycle.”
Sirius brings services and solutions capabilities in key growth areas for CDW – including Hybrid Infrastructure, Security, Digital and Data Innovation, as well as Cloud and Managed Services.
The addition is also expected to expand CDW’s services portfolio by about 45%, it says, growing from approximately $900 million annual net sales in 2020 to a combined total of around $1.3 billion.
Joe Mertens, president and CEO at Sirius, said the two companies are a strong fit, sharing common values and a customer-centric focus.
“We have long admired CDW and welcome the opportunity to bring our complimentary services and solutions capabilities to serve a broader market of customers as a combined company,” Mertens said.
“Sirius and CDW share common values and a performance-driven, customer-focused culture. We look forward to the opportunity to combine Sirius’ considerable talents with CDW’s, and to being part of a larger, stronger organisation that will be even better positioned for growth in the evolving IT services and solutions landscape.”
