Ingram Micro (IM) to Acquire e-Commerce Activities of DOCDATA for $175M
StreetInsider, October 13, 2015
Ingram Micro Inc. (NYSE: IM) today announced that it has entered into a definitive agreement under which, subject to closing conditions detailed below, Ingram Micro will acquire DOCdata Nederland B.V. and DOCdata International B.V. (“Docdata”), the e-commerce fulfillment business of publically-traded, Netherlands-based, DOCDATA N.V. (ENXTAM: DOCD) for approximately $175 million. Docdata is one of the leading European providers of order fulfilment, returns logistics and online payment services, providing critical commerce solutions to major retailers, brands and promising start-ups. Docdata currently handles between 125,000 and 250,000 orders on a daily basis, with major operations in Germany, Netherlands and the United Kingdom. The company is expected to contribute in excess of $150 million in annual services revenue to Ingram Micro and to contribute 5 to 7 cents to 2016 non-GAAP earnings per share.
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