Security products distributor ScanSource on Monday announced that it has agreed to sell its products businesses in Mexico, Colombia, Chile, Peru, and its Miami-based export operations to Intcomex. Terms of the deal were not disclosed.
In a statement, ScanSource said the move was part the company’s strategic portfolio repositioning to align investments with higher-growth, higher-margin businesses.
“After a very thorough process, we are pleased to have found a highly respected, well-established buyer with a proven track record in Latin America,” said Mike Baur, Chairman and CEO, ScanSource. “Our more than 140 employees in Latin America are excited to become part of Intcomex, a company that shares our commitment to long-term partner relationships. Our business in Latin America fits well with the Intcomex business, and I see this as a positive move for our employees, partners and suppliers.”
“We welcome our new employees, partners, clients and suppliers,” said Mike Shalom, CEO, Intcomex. “The acquisition further solidifies our over thirty-year commitment of local distribution coupled with long-standing supplier and customer relationships.”
ScanSource said it expects the transaction to close by Sept. 30, 2020, subject to customary closing considerations.
