BRUSSELS Oct 12 EU competition regulators on
Friday cleared the acquisition of U.S. technology distributor
BrightPoint Inc by its bigger rival Ingram Micro
The acquisition affected the markets in the wholesale
distribution of telecommunications and IT products, such as
laptops and tablets, in a number of member states but would not
raise competition concerns, the European Commission, which acts
as the 27-member bloc's competition watchdog, said.
"The merged entity will continue to face sufficient
competitive constraints, including on narrow market segments,"
the Commission said in a statement.
Ingram Micro said in July that it would buy BrightPoint Inc
for about $650 million in cash, its biggest deal ever.