Nearly a week after announcing plans to acquire a Brazilian communications distributor, Greenville-based ScanSource Inc., an international distributor of specialty technology products, has announced plans to boost its European presence with the acquisition of Imago Group plc, a value-added distributor of video and voice communications equipment and services.
ScanSource will be acquiring Imago’s operations in the United Kingdom and France, and its recently acquired business in Germany, according to a statement released by ScanSource. The all-cash transaction as currently negotiated includes an initial purchase price of approximately GBP 24.5 million (approximately US$41 million), plus earnout payments over the next two years, according to the statement.
The company expects that Imago would operate as a separate business unit as part of the ScanSource video, voice and data strategy in Europe, according to the statement. Imago founder Ian Vickerage would remain as managing director of the company.
Earlier this month, ScanSource announced plans to acquire Network1, a Brazilian value-added distributor of communications equipment and services.
