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Industry News

Gerhard Schulz Leaves Ingram Micro

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Gerhard Schulz Leaves Ingram Micro

Ingram Micro announces European leader Gerhard Shulz is leaving the company for as yet unspecified reasons. No word is available on any potential replacements, either.

Schulz served at Ingram for over 15 years, and has been president of European Technology Solutions since 2013. Prior to his promotion he led the Ingram distribution business across DACHH, covering operations in Germany, Austria, Switzerland and Hungary. He also served as managing director of Ingram's German business, as well as other senior sales posts in the country.

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Avnet Divides Attentions in 5 Business Units

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Avnet Divides Attentions in 5 Business Units

Avnet announces a "solutions specialist approach" to the channel-- by launching 5 global business units the distributor aims to providing providing partners with enhanced support.

The units employ 450 specialists in total, and cover datacentre, cloud, security and enterprise networking, data analytics, cognitive computing and IoT, and mobility. In addition EMEA gets Education Services, a 6th unit with a focus on flexible training solutions.

All units have a regional leadership team to align with local partner needs, whether one focuses on a single technology or solutions combining multiple technologies. In addition Avnet says it will provide more proprietary tools, services and solutions, such as the Cloud Marketplace and IoT collaborations.

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ALSO Continues Growing in H1 2016

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ALSO Continues Growing in H1 2016

The ALSO Group announces net profits for H1 2016 total €27.8 million, a Y-o-Y incresae of 14%, while net sales are up by "roughly" 3% Y-o-Y to reach €3771m. EBT is up by 12% to €40.3m.

"We are very pleased with our performance in the first six month of 2016," ALSO CEO Gustavo Möller-Hergt says. "We have again been able to increase profit significantly stronger than net sales, although we decisively invested in our business. We have developed our business in Poland and the Benelux and we will keep on expanding our activities."

The distributor points out somewhat softer sales in C. Europe (2% Y-o-Y growth), even if EBT margin is stronger compared to 2015 (1.5%), the result of profit stabilisation efforts in Switzerland and France as well as "above average" German results. Meanwhile the N./E. Europe segment sees sales grow by 11%, even if profits are down due to initial investments in Poland, Benelux and Finland.

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IDC: Notebooks Boost EMEA PC Q2 2016 Shipments

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IDC: Notebooks Boost EMEA PC Q2 2016 Shipments

EMEA PC shipments perform "above expectations" in Q2 2016 according to IDC, reaching 16 million units-- a -4.7% decrease, with W. European shipments stabilising at -0.8% Y-o-Y.

On the other hand CEE and MEA shipments remain "constrained" at -8.5% and -13.3% Y-o-Y respectively.

Helping improve EMEA PC shipments are notebooks, with declines stabilising at -1.7% Y-o-Y, the first Y-o-Y comparison not impacted by Bing shipments. Notebooks actually drive W. European shipments with 4.1% growth, the result of demand from the commercial segment bringing about EMEA commercial notebook growth of 3.7%.

However consumer markets remain on the decline due to a difficult market created by the now familiar combination of volatile exchange rates, oil price fluctuations, macroeconomic and political developments.

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Shanghai Stock Exchange Delays Ingram Buyout

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Shanghai Stock Exchange Delays Ingram Buyout

Tianjin Tianhai delays its acquisition of Ingram Micro after a demand for "details" by the Shanghai Stock Exchange (SSE), the Wall Street Journal reports.

As a result,  the Chinese logistics giant was forced to postpone the shareholder meeting meant to rubber-stamp the €5.4 billion deal. The acquisition already got approval from 99.8% of Ingram investors earlier last month, and even the US Federal Trade Commission and the Department of Justice gave their go ahead.

However the SSE requires assurances on funding, and is examining whether the transaction bank loan size, duration, interest rates and outlay will "have a negative impact" on the companies involved. Also required are details on exit plans for a Chinese co-investors, potential financial risks and whether Tianjin Tianhai expects any further regulatory obstacles.

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