Ingram Micro Buys ANOVO

Santa Ana-based computer and electronics distributor Ingram Micro said over the holiday weekend that it has made a binding ofer to acquire Paris, France-based ANOVO, a provider of reverse logistics and repair services for high tech products. Financial terms of the buy were not disclosed. Ingram Micro said that ANOVO is anticipated to contribute an excess of $300M in annual revenue to the company, after the deal completes early 2015. Ingram Micro said ANOVO will continue to operate as a separate entity.