AmeriQuest: Down but not out

AmeriQuest: Down but not out

Although the Australian arm of hardware distributor AmeriQuest has gone into receivership, we may not have seen the last of them. According to an informed source who requested anonymity, US-based AmeriQuest, which has been under the operational control of German PC distributor Computer 2000 since August 1995, will return to the Australian marketplace next year.

It has been reported that the US office of AmeriQuest was not pleased with the performance of its Australian arm, thus the decision to cease operations. "It had sunk a lot of money into the company and took a business decision to discontinue funding," said Richard Goldspink, an administrator for Cawthorn's, the chartered accountancy appointed as administrators.

According to Australian Reseller News' source, that's only half the story. "They haven't actually gone belly-up. The Americans were quite happy, but what's happened is that the Germans [Computer 2000] didn't want a presence in Australia." Why not? "They wanted to focus on Europe and the States, and so they stopped all funding to Australia."

Were they unhappy with the performance of the company in Australia? "No, it had very little to do with what was going on here. They considered keeping the Australian company going with a skeleton staff, but they elected to shut it down for now. They're coming back in about a year's time with a lot of money and I'd say they'll be looking to take over somebody - even someone like Tech Pac." The most current data available at press time places Computer 2000's annual revenue at $US2.5 billion.

As AmeriQuest is in receivership, no-one was available for comment at the company's Sydney office. A Cawthorn's representative would neither confirm nor deny the allegations. "We have been appointed administrator and are assessing the company's financial position on behalf of the creditors. That's all I can tell you," he said.

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