Ingram Micro has bought rival distributor Brightpoint in an acquisition deal worth around $840 million.
According to Reuters, the deal consisted of $650 million in cash for the value of Brightpoint, plus a further £190 million to cover its debts.
The deal will allow Ingram Micro to push further in to the mobility market in the face of declining sales within the dedicated PC market. Brightpoint was a good target for acquisition as it already had existing deals to distribute peoducts from Apple, LG and Nokia and was one of the first distributors to be chosen by Orange in the UK.
“Expanding our presence in the mobility market has been a focus of Ingram Micro and the acquisition of BrightPoint accomplishes this to an extent that would have been challenging to achieve on our own,” said Ingram Micro CEO, Alain Monie.
“BrightPoint's offerings are highly complementary to both our logistics and distribution businesses, which will enable us to go to market with the leading portfolio of mobility device lifecycle services and solutions.”
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