Intcomex signs Brightpoint deal
by Stuart Wilson, Friday 18 March 2011
Latin America and Caribbean distributor Intcomex has signed a strategic alliance with wireless device distributor Brightpoint. The deal sees Brightpoint invest US$15m cash and contribute certain existing Latin America operations in return for a 23% stake in Intcomex.
The deal gives Intcomex access to wireless vendors and to expertise in cellular logistics and activation. Intcomex, a Citi Venture Capital International (CVCI) portfolio company, is a US-based value-added distributor of IT products to Latin America and the Caribbean. Intcomex distributes computer equipment, components, peripherals, software, computer systems, accessories, networking products and digital consumer electronics to more than 44,000 customers in 41 countries.
Brightpoint’s wholly-owned Miami-based subsidiary, Brightpoint Latin America, will hold the 23% stake in Intcomex and hold a seat on the distributor’s board of directors. Brightpoint Latin America joins CVCI and Anthony and Michael Shalom as significant shareholders of Intcomex. Intcomex claims that the alliance will accelerate its entry into the wireless devices market by introducing Brightpoint’s product portfolio, service expertise, and vendor and customer relationships, into Intcomex’s distribution platform.
"Intcomex has been operating in Latin America and the Caribbean for over 20 years and has built a network through strong local relationships and unparalleled customer service," said Michael Shalom, CEO and president at Intcomex.
"This proposed transaction with Brightpoint offers Intcomex the opportunity to accelerate its entry into the wireless devices industry and add to our already extensive portfolio of products and services. This investment is a natural fit for both companies," Shalom added.
J. Mark Howell, president at Brightpoint Americas, commented: "This strategic investment will bring together two industry leaders in their respective fields. Investing in Intcomex aligns with an important objective within Brightpoint’s global strategic plan of expanding our geographic footprint and increasing the breadth and value of services and solutions we offer our vendors and customers.”
“We are excited about the opportunity to partner with Intcomex and diversify and expand into the information technology industry, and bring our unique wireless supply chain service capabilities to customers throughout Latin America and the Caribbean," Howell concluded.
DISTREE Latin America
DISTREE Events is expanding into the Latin American market in 2011, driven by demand from ICT and consumer electronics (CE) vendors for a regional channel development platform. DISTREE Latin America will offer easy access to major buyers from across this vast region in one place at one time.
The inaugural DISTREE Latin America will take place at the Jequitimar Sofitel in Guaruja, Brazil, from September 13th to 15th 2011. Read more details here.
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