ScanSource has closed its purchase of Imago Group. ScanSource announced the execution of a non-binding letter of intent to acquire Imago on August 21, 2014. With the closing, ScanSource has acquired Imago’s operations in the United Kingdom, France, and their recently acquired business in Germany. The acquisition of Imago represents the next step in ScanSource’s strategy as a value-added distributor of video, voice and data solutions for resellers in Europe.
ScanSource’s increased footprint will benefit value-added resellers focused on collaboration solutions, by positioning them to support their end-user customers who need international deployments across Europe and the United States.
“We are excited to have Ian Vickerage and his team of more than 120 very talented employees as a part of ScanSource,” said Mike Ferney, president, Worldwide Communications and Services, ScanSource, Inc. “The Imago team, along with our ScanSource Communications team in Europe led by Rudy De Meirsman, will now total nearly 200 people, delivering video, voice and data solutions from the leading brands. As these two teams begin to work together, there will be tremendous cross-selling opportunities for resellers and vendors alike.”
The acquisition is expected to be accretive to earnings per share and ROIC in the first year after closing, excluding one-time acquisition costs.
“It’s important to add it is business as usual. Our increased footprint will benefit our value-added resellers focused on collaboration solutions by positioning them to support their end-user customers who need international deployments across Europe, the United States and further a field.