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Home Indepth

8 magic moments as Mike Norris marks 30 years as Computacenter CEO

Which dates define Norris' three decades helming LSE-listed reseller and services giant?

Oxygen staff by Oxygen staff
2 January 2025
in Indepth, Partner
8 magic moments as Mike Norris marks 30 years as Computacenter CEO
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4. Jumping into Germany

2 January 2003

Mike Norris from his early days as Computacenter CEO
Mike Norris from his early days as Computacenter CEO (image shared by Computacenter)

Although Computacenter has made several sizeable continental European acquisitions, its 2003 lunge for GE CompuNet will arguably go down as the most significant of the lot.

When the deal was announced in November 2002, Norris characterised the 4,000-employee business as “the German equivalent of Computacenter”.

It handed the LSE-listed giant a “leading position” in Europe’s largest economy alongside the UK and France.

Today, Computacenter’s German business is larger and significantly more profitable than its domestic operation (generating £2.9bn GII to the UK’s £2.4bn and £163m adjusted operating profit to the UK’s £59m).

The acquisition also showed just how patient Norris can be in his efforts to land a good deal – according to this FT article, Norris came close to buying the business (for a higher price) in 2000, before walking away during the due diligence process.

Article continues on following page…

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