Systemax Acquires CompUSA Brand and Stores
In a deal thought to be worth around $30 million, Systemax will buy the trademarks, e-commerce site and some retail outlets of CompUSA.NEW YORK, Jan 6 (Reuters)Systemax Inc on Sunday said it reached an agreement with CompUSA Inc to buy its brand, trademarks, e-commerce business and as many as 16 retail stores from the gadgets and electronics retailer. Systemax said the deals total costwhich it expects to be about $30 milliondepend on which retail locations it takes over.
"We believe the value of the CompUSA brand remains very high," Systemax Chief Executive Richard Leeds said in a statement. "We view this acquisition as a strong complementary business to our TigerDirect operation."