ScanSource Announces Agreement to Sell Latin America Business Outside of Brazil to Intcomex
11 8월 2020 - 5:20AM
Business Wire
ScanSource, Inc. (NASDAQ: SCSC) today announced that it has
agreed to sell its products businesses in Mexico, Colombia, Chile,
and Peru and its Miami-based export operations (the “Latin America
business outside of Brazil”) to Intcomex. This action is part of
ScanSource’s strategic portfolio repositioning to align investments
with higher-growth, higher-margin businesses, including ScanSource
Brazil.
Intcomex is the leading provider of value-added solutions and
technology products in Latin America, outside of Brazil, and the
Caribbean. It has been in operation for more than 30 years and has
a deep understanding of the Latin American distribution market and
geography. Its in-depth knowledge of the value-added business model
and the channel underscores the company’s strong alignment with the
ScanSource business.
“After a very thorough process, we are pleased to have found a
highly respected, well-established buyer with a proven track record
in Latin America,” said Mike Baur, Chairman and CEO, ScanSource,
Inc. “Our more than 140 employees in Latin America are excited to
become part of Intcomex, a company that shares our commitment to
long-term partner relationships. Our business in Latin America fits
well with the Intcomex business, and I see this as a positive move
for our employees, partners and suppliers.”
“We welcome our new employees, partners, clients and suppliers,”
said Mike Shalom, CEO, Intcomex. “The acquisition further
solidifies our over thirty-year commitment of local distribution
coupled with long-standing supplier and customer
relationships.”
ScanSource expects its Latin America business outside of Brazil
to be classified as “held for sale” at June 30, 2020 and reported
as discontinued operations. Related to the “held for sale”
classification, ScanSource expects to record a pre-tax non-cash
charge of approximately $28 million. The transaction is expected to
close by September 30, 2020, subject to the satisfaction of
customary closing considerations. The terms of the agreement were
not disclosed.
Safe Harbor Statement
This press release contains “forward-looking” statements,
including the expectations with respect to closing of the sale of
the Company’s Latin America business outside of Brazil, which
involve risks and uncertainties. Any number of factors could cause
actual results to differ materially from anticipated results,
including, but not limited to, the Company’s ability to complete
the sale and other factors set forth in the "Risk Factors"
contained in the Company's annual report on Form 10-K for the year
ended June 30, 2019 and quarterly report on Form 10-Q for the
quarter ended March 31, 2020, filed with the Securities and
Exchange Commission. Except as may be required by law, the Company
expressly disclaims any obligation to update these forward-looking
statements to reflect events or circumstances after the date of
this press release or to reflect the occurrence of unanticipated
events.
About Intcomex
Intcomex is the leading platform of value-added solutions and
technology products in Latin America and the Caribbean, outside of
Brazil. The company offers and distributes a wide range of
products, including computer equipment, components, peripherals,
mobile devices, software, accessories, networking products,
security products, point of sale and digital consumer electronics,
as well as cloud services to more than 50,000 customers in 41
countries in the region.
Intcomex also offers a comprehensive service solution that
includes training for the channel and sales floor, technical
service, guarantee services and financial services and local
inventory, with an infrastructure in the region consisting of a
network of 15 subsidiaries and two distribution centers. Its office
headquarters are in Miami, Florida. For more information, visit the
official website at the following link:
http://www.intcomex.com.
About ScanSource, Inc.
ScanSource, Inc. (NASDAQ: SCSC) is at the center of the
technology solution delivery channel, connecting businesses and
providing solutions for their complex needs. ScanSource sells
through multiple, specialized routes-to-market with digital,
physical and services offerings from the world’s leading suppliers
of point-of-sale (POS), payments, barcode, physical security,
unified communications and collaboration, telecom and cloud
services. ScanSource enables its sales partners to create, deliver
and manage solutions for end-customers across almost every vertical
market. Founded in 1992 and headquartered in Greenville, South
Carolina, ScanSource was named one of the 2019 Best Places to Work
in South Carolina and on FORTUNE magazine’s 2020 List of World’s
Most Admired Companies. ScanSource ranks #654 on the Fortune 1000.
For more information, visit www.scansource.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200810005719/en/
Gerald Lyons Sr. EVP, Chief Financial Officer (864) 286-4854
gerry.lyons@scansource.com
Mary M. Gentry VP, Treasurer and Investor Relations (864)
286-4892 mary.gentry@scansource.com
ScanSource (NASDAQ:SCSC)
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