RivalΒ distiesΒ are lining up bids forΒ all, orΒ parts of,Β ScanSource Europe, sources have toldΒ UC Today.Β
Rumours of ScanSource Europeβs 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 βvaluable partsβ 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 βI think itβs very likely that ScanSource Europe will find a newΒ owner, probably with anotherΒ distieΒ in the industry.Β
βThe business has struggled over recent years but there are still very valuable parts to it, particularly with theΒ strong vendor relationshipsβ
βAny new home that ScanSource finds will almost certainly be better than its current one.βΒ
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