Computer giant Dell has today announced a major acquisition of IT services provider Perot Systems for about US$3.9bn.
Dell said its acquisition of Perot will mean it can offer a broader range of IT services and solutions to its customers and supply Dell computer systems to more Perot Systems customers.
The transaction is expected to close in Dell’s November-January fiscal quarter.
Perot Systems is owned by US billionaire Ross Perot who ran twice for the US Presidency as an independent candidate in 1992 and 1996.
“We consider Perot Systems to be a premium asset with great people that enhances our opportunities for immediate and long-term growth,” said Dell founder and CEO Michael Dell.
“This significantly expands Dell’s enterprise-solutions capabilities and makes Perot Systems’ strengths available to even more customers around the world.”
“This transaction represents a great opportunity for our company and our associates,” said Ross Perot. “Today’s announcement is the next step in formalising a relationship that has flourished for some time.”
Michael Dell said the acquisition made “great sense because of the obvious ways our businesses complement each other”.
Once the acquisition is complete, Perot Systems will become Dell’s services unit and be led from Plano, Texas, by Peter Altabef, the current Perot Systems chief executive officer.
At the same time, Dell directors are expected to consider Ross Perot’s son, Ross Perot Jr, Perot Systems’ current chairman of the board, for appointment to the Dell board.
Article courtesy of businessandleadership.com
Photo: Dell’s founder and CEO Michael Dell.