Ingram Micro surges into mobility with finalisation of Brightpoint acquisition

15.10.2012

The companies' combined businesses, as of the end of each company's 2011 fiscal year, had annual revenues of more than $US41 billion, with operations in more than 30 countries.

Ingram Micro said it expected to realise annual cost synergies and efficiencies in excess of $US55 million by 2014, and the acquisition is expected to be accretive to earnings per share by $US0.18 in 2013 and $0.35 cents in 2014, excluding one-time charges and integration costs.

"Today marks a significant milestone for Ingram Micro and BrightPoint, as well as for our collective associates, partners and customers," Ingram Micro president and CEO, Alain Monie, said.

"Independently, each company is a respected industry leader. Together, we are a stronger global leader, with the capability to serve our customers and vendor partners with the most comprehensive suite of mobile products, services and solutions in the industry.

"We believe this is an excellent time to significantly expand our mobile business and device lifecycle services, and together we will continue to meet the ever-growing technology and services requirements of our increasingly connected world."