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Solution Provider News

Tech Data Sales Drop, if Not for SDG

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Tech Data Sales Drop, if Not for SDG

Following a 10-month long independent probe into fiscal 2011, 2012 and 2013 results Tech Data reveals the delayed numbers for the 9 months ending 31 October 2013-- with results only positive through 2012 acquisition SDG.

The March 2013 discovery of errors in the "vendor accounting" of UK subsidiary Computer 2000 forced the IT distribution giant to rip up 3 years of results. Further probing found further "improper vendor accounting, improper use of manual journal entries and improper recognition of foreign currency exchange transactions" in the accounts of two European countries and a Latin America operation.

At first glance Tech Data results for 9-month fiscal 2014 look positive, with sales growing by 5% Y-o-Y to $18.8 billion. However, remove the $1.6bn generated by SDG and sales actually fall by -5%. The difference is equally stark in the fiscal Q3 (ending October 2013) numbers, with sales falling by -7% Y-o-Y if one eliminates SDG sales.

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Ingram Sets European Consolidation, Cuts

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Ingram Sets European Consolidation, Cuts

As part of the "de-layering" and "alignment" operation announced earlier this month Ingram Micro sets to reshuffle its European business by centralising support functions such as human resource, finance, information systems and operations.

The aim? To "transform its current European organisation into a consistent pan-European operating model."

As a result management duties currently performed at its Belgium HQ will be moved to various competency centres across the continent-- the Dutch operation is to house the European finance competence centre, Germany will host the Advanced Solution business and France will take control of European vendor management roles.

The Bulgaria shared service centre will also see expansion via transfer of additional country business-specific support functions, as well as the consolidation of activities from the Spanish regional accounting centre.

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Ingram to "De-layer" via $100m Restructure

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Ingram to

Next year will see Ingram Micro spending $80-$100 million to "de-layer" and "align" its global infrastructure and internal organisations in the hopes of annual savings worth... $80-100 million.

The distributor already coughed up $8m on restructuring during Q4 2013. The rest will be spent during H1 2014, meaning Ingram will only see the eventual cost-saving results by 2015.

As CEO Alain Monie puts it, "the overall objective of our organisational effectiveness programs... is to streamline and focus our resources to run our businesses faster, smarter and better to capture the tremendous opportunities we have already started to invest in, while generating greater, sustainable shareholder value."

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ALSO Acquires Alpha International

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ALSO Acquires Alpha International

ALSO Holding acquires Saphin-owned printer and computer accessory distributor Alpha International, with aims to strengthen supplies business expertise in all countries distributor covers.

Financial details of the deal are not available. ALSO will also boost existing distribution activity in Benelux, while Alpha and ALSO Netherlands get joint management.

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Arrow Acquires Computerlinks

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Arrow Acquires Computerlinks

Arrow Electronics finalises the acquisition of Munich-based value-added distributor Computerlinks, a purchase valued at around €230 million, following approval by European and US anti-trust authorities.

“The acquisition of Computerlinks supports our strategy to serve the data center of the future and strengthens our position in this rapidly growing segment,” Arrow CEO Michael J. Long says.

First announced on August 2013, the deal comes as Arrow goes through mostly weak fiscal quarters due to restructuring changes and poor sales. The company hopes the acquisition will improve its bottomline, since 2013 Computerlinks sales are estimated to total €700 million.

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