IM Wins 2 Deals, Post Acquisition - Analyst Blog
March 07 2013 - 8:56AM
Zacks
Using the capabilities of the acquired company BrightPoint,
Ingram Micro (IM) has launched a new business
unit, Ingram Micro Mobility, at the recently held Mobile World
Congress in Barcelona, Spain.
The new unit combines Ingram Micro’s existing mobile group with
BrightPoint, a device lifecycle services provider, which had been
acquired by the company last year. The combined capabilities and
reach of the two companies will strengthen Ingram Micro’s position
as a provider of technology and mobility services to companies
across the globe.
The BrightPoint acquisition is already adding to Ingram Micro’s
performance. It enabled the company to win a distribution agreement
from GLOBO, a technology service provider. GLOBO has come up with a
technology innovation and delivery agreement comprising Enterprise
Mobility Management software and Telecom software products and
solutions for which IM will have a sole distribution agreement.
Ingram Micro’s mobility division has also signed an IT
supply-chain agreement with ACN Digital Phone Service,
LLC. (ACN). As per this contract, the company will forward
and reverse logistics services for mobile virtual network operators
(MVNO) in the U.S.
Thus, the acquisition has turned out to be beneficial for IM, as
it is resulting in more and more deal wins for the company.
Moreover, BrightPoint’s tie-ups with companies like
Research In Motion Ltd. (BBRY), HTC Corp. and
Nokia Corp. (NOK) will help IM in the long run. It
has also been winning deals from the likes of MetroPCS
Communications Inc. (PCS) and Sprint Nextel
Corp. (S), which will continue to benefit the company in
the days to come.
This apart, the company has been instrumental in integrating
BrightPoint quickly. Expected cost synergies and sizable
contributions going forward could make BrightPoint a key driver of
its growth.
Although Ingram Micro looks in pretty good shape, BrightPoint
has a few negatives in the form of some lost customers and a high
debt burden. The combined company is however doing well.
We have a Zacks Rank #2 (Buy) on Ingram Micro shares.
ACCENTURE PLC (ACN): Free Stock Analysis Report
RESEARCH IN MOT (BBRY): Free Stock Analysis Report
INGRAM MICRO (IM): Free Stock Analysis Report
NOKIA CP-ADR A (NOK): Free Stock Analysis Report
METROPCS COMMUN (PCS): Free Stock Analysis Report
SPRINT NEXTEL (S): Free Stock Analysis Report
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