Ingram Micro To Acquire DOCdata For About $175 Mln

(RTTNews) - Ingram Micro Inc. (IM) announced that it agreed to acquire DOCdata Nederland B.V. and DOCdata International B.V. , the e-commerce fulfillment business of publically-traded, Netherlands-based, DOCDATA N.V. for approximately $175 million.

Docdata is one of the leading European providers of order fulfilment, returns logistics and online payment services, providing critical commerce solutions to major retailers, brands and promising start-ups. Docdata currently handles between 125,000 and 250,000 orders on a daily basis, with major operations in Germany, Netherlands and the United Kingdom. The company is expected to contribute in excess of $150 million in annual services revenue to Ingram Micro and to contribute 5 to 7 cents to 2016 non-GAAP earnings per share.

Docdata will operate as a wholly owned subsidiary of Ingram Micro. Docdata CEO Michiel Alting von Geusau will continue to lead the company, reporting directly to Ken Beyer, Ingram Micro executive vice president commerce and fulfillment solutions.

In addition to customary regulatory and other closing conditions, the transaction requires approval of a majority of outstanding shares at a special meeting of DOCDATA N.V. shareholders, which is expected to take place toward the end of the 2015 fourth quarter.