Ingram Micro Strengthens Position as Leading Global Repairs and Regeneration Services Provider with Acquisition of ANOVO
Full Suite of End-to-End Mobility Lifecycle Services Now in Even More European and Latin American Countries Positions Ingram Micro at the Center of the Global Mobility Ecosystem
SANTA ANA, Calif. –Â The acquisition of ANOVO by Ingram Micro Inc. (NYSE: IM) further expands its position as the leading global provider of device lifecycle services, while also strengthening the company's relationship with many of the world's largest mobile network operators and hardware manufacturers. ANOVO is a Europe based provider of repairs and regeneration solutions for high-tech products such as smartphones and set-top boxes across Europe and Latin America.
ANOVO will continue to be led by François Lacombe, reporting directly to Shailendra Gupta, president at Ingram Micro Mobility. The company is expected to contribute in excess of $300 million in annual services revenue and be modestly accretive to Ingram Micro's 2015 full year non-GAAP diluted earnings per share.
"ANOVO significantly increases the contribution of services revenues in Europe and Latin America, while also enabling Ingram Micro to provide a complete suite of mobility lifecycle solutions in a host of new countries," said Alain Monié, chief executive officer at Ingram Micro. "We are already positioned at the center of the global mobility ecosystem and we expect to leverage ANOVO's core service offerings and client relationships across our global infrastructure to expand our presence in current markets and capture new market opportunities."
About ANOVO
With 4,200 associates across 10 countries, ANOVO is a leading provider of reverse logistics and repair within the technology market place. ANOVO develops solutions that extend the lifecycle of high-tech products, offering a second life to more than 20 million products worldwide annually. These products include everything from smartphones to computers, touch screen tablet devices, triple play set top boxes, home gateways, game consoles, e-readers, TVs and printers. More at www.ANOVO.com.
About Ingram Micro Inc.
Ingram Micro helps businesses Realize the Promise of Technology™. It delivers a full spectrum of global technology and supply chain services to businesses around the world. Deep expertise in technology solutions, mobility, cloud, and supply chain solutions enables its business partners to operate efficiently and successfully in the markets they serve. More at www.ingrammicro.com.
SOURCE Ingram Micro Inc.
CONTACT: Media Contact: Danny Chung, +1 (714) 382-2378; Investor Relations Contact: Damon Wright, +1 (714) 382-5013
Web Site: http://www.ingrammicro.com
