Miami-based IT products distributor Intcomex has entered into a strategic agreement with US wireless communications services provider Brightpoint (Nasdaq: CELL), both companies said in a statement.
Under the terms of the agreement, Brightpoint's wholly owned subsidiary Brightpoint Latin America will invest US$15 million in cash and contribute certain existing regional operations to Intcomex in exchange for some 23% interest in Intcomex.
The transaction is subject to certain closing conditions, both companies said.
"This proposed transaction with Brightpoint offers Intcomex the opportunity to accelerate its entry into the wireless devices industry and add to our already extensive portfolio of products and services. This investment is a natural fit for both companies," Intcomex president and CEO Michael Shalom said.
"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," Brightpoint Americas president Mark Howell said.
Intcomex distributes computer equipment, components, peripherals, software, computer systems, accessories, networking products and digital consumer electronics to more than 44,000 customers in 41 countries.