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Ingram UK back in Cisco distribution biz

Buys Sphinx Cisco operation

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Ingram Micro UK is back in the Cisco distribution business after buying the Cisco business of Sphinx CST.

Ingram is getting the business, remaining stock and goodwill for around £11 million from Sphinx's parent Lynx.

Ingram lost its Cisco distributor status in the UK around three years ago. A former insider said the broadband distie didn't have the infrastructure to handle the business then. "They couldn't service it properly," he said.

The Sphinx Cisco business had a turnover of approximately £20 million (unaudited) for the nine months to 30 June 2001.

The sale should be completed on 7 September 2001. Ingram has to pay up on the day apart from £500,000, which is payable over the following six months. ®

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