Ingram Micro 2008 Annual Report Download - page 5

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ing through the unpredictable credit markets. Today, we
can adequately fund the needs of our own business,
while also providing valuable credit for our customers.
Our conservative stance on capital management, as well
as our strong cash position, continues to serve as a reli-
able financial shield amid tight credit markets.
Market Growth and Expansion
Despite the weak demand environment, there were pock-
ets of growth and opportunity in our existing business,
most notably in our fee-for-service logistics and DC/POS
units. We are actively broaden-
ing these businesses to drive a
more attractive mix of higher-
margin categories and to
capture opportunities in frag-
mented adjacencies. Along
these lines, we expanded our
worldwide presence in the
DC/POS segment in 2008
through organic growth, as well
as the acquisitions of Para-
digm, located in the United
Kingdom, and Eurequat and
Intertrade, based in France and
Germany, respectively. These
acquisitions helped augment
our geographic footprint across
Europe and secured the No. 2 position in this space.
A small but strategic acquisition of Cantechs Group in
May enhanced our value in the Chinese market, providing
a platform to further develop the DC/POS niche through-
out Asia.
Fee-for-service logistics is another of our success
stories. The team grew revenues more than 30 percent
in 2008 while keeping its client base relatively constant.
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