ScanSource poised to divest certain businesses

ScanSource is pressing ahead with plans to sell certain businesses outside of the United States, Canada and Brazil. 

ScanSource will continue to operate and invest in its digital distribution business in these geographies, including its recent acquisitions of intY, Canpango and Intelisys Global. 

The planned divestitures saw net sales of $623m for fiscal year 2019 and at June 30th 2019 working capital of $205m.

ScanSource currently has approximately 490 employees in these geographies.

“After considering our strategic options we decided that the planned divestitures would offer opportunities to accelerate our profitable growth and cashflow,” said Mike Baur, Chairman and CEO.

“These actions will enable us to focus our investments on our higher growth and higher margin businesses in the United States, Canada and Brazil, as well as our digital businesses globally. This will give investors increased insight into our long-term growth opportunities.”

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