Transaction Expands Company's Enterprise Presence in Europe, Improves Market Position in UK
BRUSSELS and SANTA ANA, Calif., Oct. 27 /PRNewswire-FirstCall/ -- Ingram Micro Inc. (NYSE: IM), the world's largest distributor of technology products and supply chain services, announced today that it has signed a definitive agreement to acquire certain assets of Computacenter Distribution (CCD), one of the leading wholesalers of servers, storage and related products in the United Kingdom. The transaction, which is subject to customary closing conditions, is expected to be completed in early November. Terms were not disclosed.
Greg Spierkel, Ingram Micro's chief executive officer, said the acquisition of CCD advances the company's enterprise strategy and augments its capabilities in infrastructure solutions and data-center development.
"We've been building an infrastructure solutions practice for two years and in multiple countries, primarily through a Greenfield approach," Spierkel said. "This acquisition demonstrates our commitment to developing this capability in Europe. CCD is the leading distributor of mid-tier enterprise products in the important UK market, with a respected 22-year history and long-standing relationships with its customers. Through this acquisition, we have a platform for expansion into new vendor lines and customer segments, along with a thriving services business. This is an exciting step in the further development of our company, providing an opportunity to share new capabilities with our operations in EMEA."
Alain Maquet, president of Ingram Micro EMEA, added: "The acquisition positions us as a significant 'value-added' distributor, with the expertise to serve a broad range of customers and vendors in multiple segments. In addition to its distribution of server and storage products, CCD also offers several software lines that are critical to the needs of enterprise customers. It is very well known in the marketplace for its pre- and post-sale technical consulting and also sells HP contractual services. It is a strong complement to our business in the UK, and we welcome the talented CCD management team and employees to the Ingram Micro family."
CCD's approximately 40 employees will join the UK operations of Ingram Micro. CCD's General Manager Jon Bunyard will report to Matt Sanderson, Managing Director of Ingram Micro UK.
"We're looking forward to joining the Ingram Micro team," said Bunyard. "Ingram Micro's significant financial strength and market reach provide us with expansion opportunities that were previously unattainable. I'm confident that our customers and vendors will soon benefit from an expanded portfolio of products and services from the combined company."
CCD, established in 1987, is a wholesaler of servers, storage and related software and services for the enterprise technology market in the United Kingdom. Revenues were approximately 46.5 million pounds Sterling in the six months ended June 30, 2009. CCD is a division of Computacenter UK Ltd., the largest corporate reseller in the UK. CCD's primary offices are in Reading, England.
About Ingram Micro Inc.
As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics services, technical support, financial services, and product aggregation and distribution. The company serves more than 150 countries and is the only global broad-based IT distributor with operations in Asia. Visit www.ingrammicro.com.
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