Reverse Logistics, Repair and Asset Recovery Services Bolsters Already Robust Service Offering of Ingram Micro Mobility
INDIANAPOLIS, May 1, 2014 /PRNewswire/ — Ingram Micro Inc. (NYSE: IM) today announced it has acquired Global Mobility Products, Inc. (GMP), a Canadian-based leading provider of mobile reverse logistics, repair and asset recovery services. As Ingram Micro Mobility further extends its reach into the Canadian mobility market, the acquisition of GMP is expected to provide the business with a superior, end-to-end forward and reverse logistics value proposition, enhancing the company’s ability to provide a full suite of wireless device lifecycle services in Canada.
GMP’s customers include Canada’s largest mobile operators and retailers, as well as leading manufacturers. GMP’s high-touch services include reverse logistics, asset recovery and repair services for device refurbishing and reselling from contract customers and the open market. The company also provides returns management and creates adaptive programs to meet customer-specific applications. Providing services at approximately 3,000 retail locations through its recently acquired 46,000 square feet state-of-the-art repair facility, GMP provides Ingram Micro Mobility customers with added capabilities and value-added services to supplement its already robust suite of offerings.
“This is a strong strategic fit, providing us with an immediate corridor to a rapidly growing, high-value services market that directly addresses the needs of mobility operators and retailers in Canada’s large and growing mobility market,” said Bashar Nejdawi, president, Ingram Micro Mobility North America. “GMP’s strong reputation, proven track record, solid growth and profit profile make it an excellent fit for Ingram Micro Mobility and are expected to help leverage our existing infrastructure to offer the Canadian mobility industry a broader array of streamlined logistics capabilities.”
“Adding GMP’s services offerings to our current Canadian mobility operations is a complement to our growing business and we believe the combination will drive new revenue opportunities, while enabling our current mobility customers to be more efficient while maximizing the value of every device,” said Steve Roberts, executive director of Ingram Micro Mobility Canada. “We look forward to welcoming the GMP team to Ingram Micro Mobility.”
Founded in 1995 and headquartered in Burlington, Ontario, GMP has approximately 150 employees and has established a strong Canadian presence, with representation throughout the country in all provinces. GMP will operate as a wholly owned subsidiary of Ingram Micro. Founding principal John Gnocato will be moving to other ventures. Operating principal Ryan Djordjevic will continue to lead the company as a senior director, reporting directly to Nejdawi.
“We are excited to join forces with Ingram Micro Mobility and confident our customers will see immediate benefits from this collaboration,” said Djordjevic. “Ingram Micro Mobility’s established mobility leadership and expertise in supply chain services are a natural pairing with our operations, which we expect will accelerate.”
About Ingram Micro Inc.
Ingram Micro is the world’s largest wholesale technology distributor and a global leader in IT supply-chain and mobile device lifecycle services. As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics and mobile solutions, technical support, financial services and product aggregation and distribution. The company is the only global broad-based IT distributor, serving approximately 170 countries on six continents with the world’s most comprehensive portfolio of IT products and services. Visit IngramMicro.com.
Ingram Micro Mobility is a leading provider of device lifecycle services, including complete lifecycle capabilities from warehousing to software loading, order and accounts receivable management to end-user fulfillment, and reverse logistics, including wireless device repair, refurbishment and recycling services. Visit ingrammicro.com/mobility, on Twitter at Twitter.com/IM_Mobility, LinkedIn at LinkedIn.com/company/IngramMicroMobility or Facebook at Facebook.com/IngramMicroMobility.
SOURCE Ingram Micro Inc.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Ingram Micro’s business which are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company’s Annual Report or Form 10-K for the most recently ended fiscal year.