ScanSource CEO opens up on why the distributor's selling off its hardware business in Europe

Nima Green
clock • 2 min read

Several buyers have shown an interest in assets across Belgium, France, Germany and the UK in $623m global sale

US VAD giant ScanSource has revealed that it is selling off its hardware business across Europe, to focus on software and services. Its CEO Mike Baur (pictured) told CPI that the drastic overhaul in global strategy will see it focus on generating higher-margin recurring revenues for European partners. "We have a different identity now, divided by region," he said. "In Europe our business will be software and services, not physical hardware." On Tuesday, the South Carolina-headquar...

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