Ingram Micro Makes Binding Offer For ANOVO - Quick Facts

(RTTNews) - Ingram Micro Inc. (IM) announced it has made a binding offer for the acquisition of ANOVO, a Paris, France based, provider of reverse logistics and repair services for high-tech products such as smartphones and set-top boxes across Europe and Latin America. Ingram Micro said, upon completion of the acquisition, which is expected in early 2015, ANOVO is anticipated to contribute in excess of $300 million in annual revenue and be modestly accretive to Ingram Micro's non-GAAP earnings per share.

With 5,000 associates across 11 countries, ANOVO is a leading provider of reverse logistics and repair within the technology market place. ANOVO develops solutions that extend the lifecycle of high-tech products. These products include everything from smartphones to computers, touch screen tablet devices, triple play set top boxes, home gateways, game consoles, e-readers, TVs and printers.