ScanSource, Inc. (NASDAQ: SCSC) has 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, the company said.
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 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.
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 USD 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.
Intcomex is the 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. For more information, visit the official website at the following link: http://www.intcomex.com.
ScanSource is at the center of the technology solution delivery channel, connecting businesses and providing solutions for their complex needs. For more information, visit www.scansource.com.