BELGRADE, SERBIA - 26 Apr 2007: IBM (NYSE: IBM) today announced it has entered into an agreement to acquire the IBM hardware maintenance services business of Serbian Business Systems (SBS), a privately held IT hardware, software and services company headquartered in Belgrade, Serbia. Financial terms were not disclosed. The acquisition is subject to regulatory and client approvals and is anticipated to close later this year. Upon completion of the agreement, SBS's IBM hardware maintenance unit will become part of IBM's Global Technology Services maintenance and technical support business.
SBS is a leading provider of information technology in Serbia, providing the local market with hardware, software and maintenance services, based on the solutions of several business partners including IBM, Cisco, Symantec and others. IBM is only acquiring SBS's hardware maintenance unit, which has been dedicated to providing maintenance services for IBM's entire line of hardware systems and servers in post warranty and non-warranty periods.
This acquisition illustrates IBM's commitment to Serbia and the region by leveraging local talent and skills. It establishes IBM's maintenance and technical support services business in Serbia, to deliver reliable, integrated services that reduce complexity, deploy rapidly and build upon IBM's global expertise.
"With this acquisition IBM strengthens its services business and underscores our investment in the Serbian market. Clients in this market will now have access to IBM's end-to-end portfolio of innovative hardware, software and services," said Milos Djurkovic, country general manager, IBM Serbia.
"This acquisition is good news for IBM and for Serbian Business Systems' clients," said Mirko Draskovic, general manager, Serbian Business Systems. "They will continue to get the same top level of service from the same talented people that supported them previously, while gaining access to IBM's full portfolio of services."
The implementation of this transaction will be in accordance with local law and process, including industrial relations information and/or consultation requirements, if any.
For more information about IBM, go to www.ibm.com.
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