Rivals Eyeing Up ScanSource Europe – Sources

Uncertainty surrounding ScanSource's future became apparent last week

1
Unified Communications & CollaborationNews

Published: January 20, 2021

Tom Wright

Managing Editor

RivalΒ distiesΒ are lining up bids forΒ all, orΒ parts of,Β ScanSource Europe, sources have toldΒ UC Today.Β 

Rumours of ScanSource Europe’s demise circulated in the industry lastΒ week,Β withΒ partners andΒ distiesΒ reporting difficulties acquiring stock.Β A number ofΒ UK employees are also thought to have been put in a redundancy process.Β 

But a source has now told UC Today thatΒ rival firmsΒ are eyeing up β€œvaluable parts” of the fallenΒ distie.Β 

UC TodayΒ understands a number ofΒ counterpartsΒ could be looking at the business, withΒ NuviasΒ thought to be the frontrunner.Β 

Sources said that no contracts have been signed and any potential dealΒ could still fall through.Β 

NuviasΒ declined to comment when contacted byΒ UC Today.Β 

CavellΒ analyst, Matt Townend, said:Β β€œI think it’s very likely that ScanSource Europe will find a newΒ owner, probably with anotherΒ distieΒ in the industry.Β 

β€œThe business has struggled over recent years but there are still very valuable parts to it, particularly with theΒ strong vendor relationships”

β€œAny new home that ScanSource finds will almost certainly be better than its current one.” 

Β 

Β 

ChannelMergers and Acquisitions
Featured

Share This Post