Keith Negal, the managing director of Interface Solutions, has said he is confident that its parent company, Fayrewood, is about to further invest in the UK distributor, following the sale of its French arm to DCC-owned Gem, as previously reported by PC Retail.Speaking to CRN, Negal said that it is his belief that the company is about to invest heavily in the IBM and Lenovo distributor. The disposal of Banque Magnetique for €38.1m (£27.3) means that Fayrewood now has a cash balance of €34.9m (£25m).
He also alluded to the possibility of a merger in the near future: "We want to improve services and are in talks to form a joint venture [with a services firm]. We are also exploring possible acquisitions," he added.
Advertisement
Related Stories
- Lenovo net profits soar by 73% May 23rd 2012 at 10:55AM
- CEOs get ready for Sport Relief May 15th 2012 at 10:31AM
- Lenovo's ThinkPad X1 Carbon is world's lightest May 15th 2012 at 6:23AM
- Lenovo's ThinkPad USB 3.0 dock May 9th 2012 at 12:11AM
- Lenovo aims to ship first Windows 8 tablet Mar 18th 2012 at 10:44PM
- IBM smash one terabit optical speed barrier Mar 8th 2012 at 10:31PM
- IBM boffins create 12-atom magnetic bit Jan 16th 2012 at 7:27AM
- CES 2012: Intel enters smartphone arena Jan 11th 2012 at 6:18AM
- CES 2012: Lenovo unveils Android-powered K91 smart TV without Google Jan 9th 2012 at 4:40AM
- Google snaps up more IBM patents Jan 5th 2012 at 6:28AM
