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Ingram Micro makes takeover offer for Anovo
2014-12-01 07:48:00| Telecompaper Headlines
(Telecompaper) Ingram Micro has made a binding offer for Anovo, a phone and electronic device after-sales company based in Paris. Anovo provides services across Europe and Latin America. Ingram Micro expects the deal to strengthen its relationship with global telecom operators and OEMs. The transaction is expected to close early next year, with Anovo expected to contribute over USD 300 million in annual revenue and be modestly accretive to Ingram Micro's non-GAAP diluted earnings per share. The acquisition is subject to the usual closing conditions, including consultation of the ANOVO works council and approval of the EU competition authorities. Both companies will, for the moment, continue to operate as separate entities. No further details were disclosed.
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Category:Telecommunications