Insight Expands its Hardware Capabilities in Europe
TEMPE, Ariz., January 11, 2012 (BUSINESS WIRE) --
Insight Enterprises, Inc. (NASDAQ: NSIT) ("Insight" or "the Company"), a leading global technology provider of hardware, software and service solutions, has announced that its European operation will acquire Frankfurt based Inmac, a broad portfolio B2B hardware reseller based in Germany and Netherlands servicing clients across Western Europe ("Inmac"). Inmac's revenues are approximately $120 million. The transaction is expected to close within thirty days, subject to regulatory clearance and customary closing conditions.
"We are extremely excited about the acquisition of Inmac, which will provide a great team, broad client base plus hardware technology sales, lifecycle services, marketing and supply chain expertise to our existing software business in mainland Europe," commented Stuart Fenton, President of Insight EMEA.
"This acquisition supports our strategic plan to expand hardware capabilities into key markets in our existing European footprint. The combined organization will offer our clients a complete set of hardware, software and related services solutions in Germany and Netherlands," added Mr Fenton.
Insight Enterprises, Inc. is a leading technology provider of hardware, software and service solutions to business and government clients in North America, Europe, the Middle East, Africa and Asia-Pacific. Insight is focused on helping organizations move technology goals forward in the areas of Cloud, Virtualization, Data Center, Unified Communication & Collaboration Networking & Security, Data Protection, Mobility & Point of Sale, and Office Productivity. The company has approximately 5,100 teammates worldwide and generated sales of $4.8 billion for its 2010 fiscal year. For more information, please call 1.800.INSIGHT (1.800.467.4448) in the United States or visit www.insight.com.
Inmac is a long established hardware reseller with offices in Germany and the Netherlands. It has extensive distribution and supply chain capabilities and serves business clients in a number of mainland European countries including France, Switzerland, Austria, Belgium and others. Inmac offers a broad range of hardware solutions from the major manufacturers and has developed an extensive client base of upper mid market and enterprise clients through its market leading ecommerce solutions and technology capabilities.
Certain statements in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including statements regarding growth in service offerings and services sales, are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. Some of the important factors that could cause the Company's actual results to differ materially from those projected in any forward-looking statements, include, but are not limited to, success of integration of the acquired business and other risks identified in the "Risk Factors" in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2010.
SOURCE: Insight Enterprises, Inc.
Insight Enterprises, Inc.
Investor Relations Contact:
Helen Johnson, 480-333-3234
Senior VP, Treasurer
Jet Golia, +44(0) 844 692 5376
VP, Commercial and Legal