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Ingram Micro Strengthens Position as Leading Global Repairs and Regeneration Services Provider with Acquisition of ANOVOSANTA ANA, Calif., March 2, 2015 /PRNewswire/ -- 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 About Ingram Micro Inc. Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995 Ingram Micro has instituted in the past and continues to institute changes to its strategies, operations and processes to address these risk factors and seek to mitigate their impact on Ingram Micro's results of operations and financial condition. However, no assurances can be given that Ingram Micro will be successful in these efforts. For a further discussion of significant factors to consider in connection with forward-looking statements concerning Ingram Micro, reference is made to Item 1A Risk Factors of Ingram Micro's Annual Report on Form 10-K for the fiscal year ended Dec. 28, 2013; other risks or uncertainties may be detailed from time to time in Ingram Micro's future SEC filings. Logo - http://photos.prnewswire.com/prnh/20150228/178597LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ingram-micro-strengthens-position-as-leading-global-repairs-and-regeneration-services-provider-with-acquisition-of-anovo-300044025.html SOURCE Ingram Micro Inc. |