SCC scales back continental exposure

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SCC scales back continental exposure

Microscope contributor

SCC has scaled back its European operation after selling its trading business in Germany and Italy to Burotex Systemhaus and the Bartolini Progetti Group for an undisclosed sum to sharpen up its profitability.

The integration arm of the SCH Group has operated in both countries for nine years but has now taken the strategic decision to divest ownership of SCC Germany and SCC Italy, though the new owners will use the brands until 31 October.

"In the current trading climate, our focus is on maintaining our track record of profitable organic growth, which may be underpinned by transactions, sale or acquisitions," said Sir Peter Rigby, chairman and CEO at SCH.

"For this reason, we have made the decision to sell SCC Germany and SCC Italy. We will work in close partnerships with the new management teams, with the aim of generating international business opportunities," he added.

This comes a day after rival integrator Computacenter said its businesses in France and Germany were showing healthy top line growth.

At the same time, SCH said it finished its financial year to 31 March 2009 on a positive footing, having grown revenues 17% year-on-year.

Rigby said that in spite of the "global economic downturn Group revenues are robust", though he added that it was too early to comment on profitability, "but we remain confident about our outlook for the current financial year".

The move leaves SCC with operations in the UK, Ireland, France, Belgium, Netherlands, Denmark, Spain and Romania.

No redundancies are planned at either SCC Germany or SCC Italy.

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