Santa Ana-based Ingram Micro Inc. has bought a European technology products distributor that expands its retail and inventory management operations, the company said Friday.
Ingram Micro, the world’s largest technology distributor, has completed the purchase of Norway’s SymTech Nordic AS, which it plans to fold into its Europe unit. Terms weren’t disclosed.
The company said it was “a small yet strategically significant” buy. SymTech has operations in Norway, Sweden and Denmark.
SymTech Nordic distributes products with radio frequency identification tags,advanced bar code technology,and point-of-sales gear, including scanners for store checkout.
Ingram Micro has boosted its presence in these markets during the past two years via acquisitions.
The company said products with the tags and point-of-sale gear are very profitable,important to technology products distributors, which often earn small profit margins.
“While SymTech generates a small fraction of the Europe region’s overall sales, it provides attractive growth and gross margin characteristics while creating a platform for global reach in this category,” said Ingram Micro Chief Executive Greg Spierkel.
