Ingram Micro signed an agreement to purchase the assets of Nimax, a distributor of AIDC/POS, bar-code and wireless products and enterprise mobility solutions, for an undisclosed amount of cash.
Nimax, which is privately held, had about $72 million in revenue last year, according to Santa Ana, Calif.-based Ingram Micro, which will purchase substantially all of the assets and assume certain liabilities of Nimax.
Ingram Micro plans to hire a majority of Nimax's employees and will operate Nimax as a separate division that will be led by Nimax CEO Steve Hsieh as vice president and general manager, AIDC division. Hsieh will report to interim Ingram Micro North America President Keith Bradley.
"Enterprise mobility and the AIDC/POS market is poised for high growth and has higher margin potential than most IT products," said Kevin Murai, president of Ingram Micro, in a statement. "Ingram Micro has the established technology and vertical market solution sets, relationships and resources, and Nimax has the expertise in bar coding and wireless solutions. Together, we're creating a competitive advantage in target growth markets."