ScanSource has announced it plans to sell its non-digital business across the UK, the rest of Europe, Latin and South America totalling $623 million.
The US distributor posted poor Q4 financials where revenues decreased three percent to $960.8 million and operating income shrank four percent to $29.4 million.
The outfit said it will flog operations worth $623 million in revenues in Europe, including the UK, Mexico, Colombia, Chile, Peru and Miami in the US. The move will affect around 490 employees in its Barcode and Communications business.