Systemax, Inc. (SYX) Reports In-Line Q2 EPS, Revenues Beat

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Go back to Systemax, Inc. (SYX) Reports In-Line Q2 EPS, Revenues Beat

Systemax Reports Second Quarter 2018 Financial Results And Enters Definitive Agreement For Sale Of France Operations

July 31, 2018 4:30 PM EDT

PORT WASHINGTON, N.Y., July 31, 2018 /PRNewswire/ -- Systemax Inc. (NYSE: SYX) today announced financial results for the second quarter ended June 30, 2018 and that it has executed a definitive agreement to sell its France based IT value added reseller business to Bechtle AG for an enterprise value of $246 million at current exchange rates.   Upon completion of the sale, Systemax's operations will be its Industrial Products Group ("IPG") business in North America, which is focused on industrial supplies and MRO (maintenance, repair, and operations), markets the Company has served since... More