newsbytes@clarinet.com (02/04/90)
MARKHAM, ONTARIO, CANADA, 1990 JAN 29 (NB) -- Businessland Canada and IBM Canada have joined forces to buy GE Computer Services Canada. The division of General Electric Canada will be renamed PC ServicePartners. Businessland will be the majority partner and IBM will hold a minority stake, said Bob Henderson, vice-president and general manager of Businessland Canada, but the companies are not saying exactly how large each share is. PC ServicePartners will continue the GE Computer Services computer service business, and will do all Businessland Canada's service. Sales operations of the GE division will be integrated into Businessland, and its leasing activities will become part of IBM Canada, Henderson said. The GE division employs more than 110 people in 15 locations across Canada. Some of those people will move to Businessland and IBM, Henderson said, but all the locations will remain open. The move is a first for Businessland worldwide, according to Henderson, but he said a similar deal is in the works in Japan. (Grant Buckler/19900130/Press Contact: Bob Henderson, Businessland Canada, 416-470-7077)