ScanSource, Inc. Announces Completion of Acquisition of Brazil’s Leading AIDC/POS Distributor, CDC Brasil
16 4월 2011 - 5:15AM
Business Wire
ScanSource, Inc. {NASDAQ: SCSC}, the leading international
value-added distributor of specialty technology products, through
its wholly-owned subsidiary, ScanSource do Brasil Participações
LTDA (“ScanSource”), has closed its purchase of the share of CDC
Brasil, S.A. (“CDC Brasil”), Brazil’s leading distributor of AIDC
and point-of-sale solutions, which was previously announced April
8, 2011. The transaction is subject to Brazilian regulatory
approval.
ScanSource now owns 100% of the shares of CDC Brasil. Pursuant
to the purchase agreement, ScanSource paid R$57,300,000 (or
approximately $36,590,000) at today’s closing to the Sellers
directly or to an escrow agent (the “Closing Payment”). Additional
amounts are payable to Sellers pursuant to an annual earn-out
through June 30, 2015. A substantial portion of the Closing Payment
is being held by an independent escrow agent and will be available
to cover certain contingent liabilities of CDC and/or
indemnification claims under the Agreement. The total potential
purchase consideration for CDC, without assuming any increase or
decrease in earnings, is approximately R$103,000,000 (approximately
$65,500,000).
Safe Harbor Statement
This press release contains comments that are “forward looking”
statements that involve risks and uncertainties; these statements
are subject to the safe harbor created by the Private Securities
Litigation Reform Act of 1995. Any number of important factors
could cause actual results to differ materially from anticipated
results, including, but not limited to, macroeconomic circumstances
that could impact our business, such as currency fluctuations or
change in capital and credit market conditions. For more
information concerning factors that could cause actual results to
differ from anticipated results, see the Company’s annual report on
Form 10-K for the year ended June 30, 2010 filed with the
Securities and Exchange Commission. You are cautioned not to place
undue reliance on forward-looking statements, which speak only as
of the date of this press release. There can be no guarantee that
the acquisition of CDC Brasil will receive Brazilian regulatory
approval. We undertake no obligation to make any revisions to the
forward-looking statements or to reflect events or circumstances
after the date of this press release.
About ScanSource, Inc.
ScanSource, Inc. {NASDAQ:SCSC} is the leading international
distributor of specialty technology products, consisting of seven
sales units in North America, Latin America and Europe.
ScanSource POS and Barcoding in North America, Latin America and
Europe delivers AIDC and POS solutions; Catalyst Telecom in the US,
and ScanSource Communications in North America and Europe, provide
voice, video and converged communications equipment; and ScanSource
Security in North America offers physical security solutions.
Founded in 1992, the company ranks #881 on the Fortune 1000. For
more information, call the toll-free sales telephone number at
800.944.2432 or visit www.scansourceinc.com.
About CDC Brasil
CDC Brasil has offices in Sao Paulo, Curitiba and Recife. For
more information on ScanSource, Inc., please visit
http://www.scansourceinc.com.
ScanSource (NASDAQ:SCSC)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
ScanSource (NASDAQ:SCSC)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024