India, Aug. 20 -- Technology company ScanSource, Inc. (SCSC) announced Thursday a definitive agreement to acquire privately-held IT solutions integrator MicroAge for $220.5 million in an all-cash transaction.
The acquisition adds higher-margin capabilities and expands ScanSource's reach in strategic growth technologies, including cloud, cybersecurity, data center, and AI. MicroAge is expected to accelerate ScanSource's revenue growth and margin expansion opportunities.
The acquisition also expands ScanSource's total addressable market, adds new services capabilities, and provides greater visibility into end-user needs.
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ScanSource expects to fund the acq...