Brightpoint Inc., an Indianapolis-based distributor of wireless phones, on Wednesday announced that it will invest more than $15 million in Miami-based Intcomex Inc. in an effort to boost its Latin American business.
Under the terms of the agreement, Brightpoint will also contribute certain existing operations in Latin America in exchange for approximately 23 percent of Intcomex, which was founded in 1988.
Brightpoint officials said the deal will significantly increase its presence in Latin America and the Caribbean region, creating operations serving more than 44,000 customers in 41 Latin American countries.
“This strategic investment will bring together two industry leaders in their respective fields,” J. Mark Howell, president, Brightpoint Americas, said in a prepared statement. “Investing in Intcomex aligns with an important objective within Brightpoint’s global strategic plan of expanding our geographic footprint and increasing the breadth and value of services and solutions we offer our vendors and customers.”
Intcomex is a distributor of information technology goods—including computer equipment, software, networking products and consumer electronics—focused solely on Latin America and the Caribbean.
This strategic alliance will offer Brightpoint’s customers and vendors access to Intcomex’s established network of resellers, retailers and customers in the Latin American and Caribbean markets, Howell said.
Brightpoint shares rose 5 cents Wednesday morning, to $12.21 each.