ICD acquires minority interest in Intcomex

ICD Investments Ltd has acquired minority shareholding in Intcomex Global Investments Holdings, SL, a leading go-to market platform of value-added solutions and technology products in Latin America and the Caribbean.

The company was tight-lipped on the number of shares acquired.

Nonetheless, the deal is expected to result in synergies with ICD’s existing businesses, several of which will benefit from Intcomex’s extensive reach across Latin America, from as far south as Chile all the way up to Mexico.

Headquartered in Miami, Florida, Intcomex has a Jamaican location at The Market Place in Kingston.

With a country presence in 14 territories, serving more than 50,000 resellers, Intcomex leverages robust logistics incremented over 25 years of steady growth to deliver quality products to its resellers at competitive prices. The company utilises more than 1 million square feet of storage in 24 consolidation centres throughout the region.

Its sales divisions include security, point of sale, networking, peripherals, computers, mobile and cloud services.

“Intcomex has great leadership, dynamic in-country teams and superior distribution systems, making it an extremely attractive investment for ICD and one of our larger outlays in recent times,” chairman of ICD Joseph M Matalon said in a press release yesterday.