Ingram Micro has completed its $840m acquisition of BrightPoint, which it said will lead to it creating a leading company providing services and solutions for the mobile industry.
The distributor paid $9 per share for BrightPoint and is also assuming $190m of its debt. In a blog posting on the BrightPoint website, the company said it was 'business as usual' but added some changes may happen as it is integrated. The acquisition of BrightPoint gives Ingram more than 25,000 B2B customers and more than 100,000 points of sale worldwide. The combined companies would have had $41bn in sales by the end of the 2011 financial year, with operations in more than 30 countries.
BrightPoint, and the integration of the business, will initially be led by Shailendra Gupta, Ingram Micro senior executive vice-president and president for the Asia-Pacific region. Bob Laikin, former chairman and CEO of BrightPoint, will work in a senior advisory role to Alain Monie, president and CEO of Ingram Micro.
Monie said: '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. With a history of more than 20 years of innovation and leadership in the mobility industry, BrightPoint is a great technology company and an outstanding addition to Ingram Micro.'
Editor: Graeme Neill