Ingram Micro is restructuring its Nordic breadline broadline business in an effort to increase profits.

It is selling off its Danish broadline business to Actebis, though financial terms have not been disclosed. It will close operations in Finland and Norway in the second quarter of 2009.

The distie blamed the recession for the move.

Ingram's president for Europe, Middle East and Africa, said: “The combination of the rapid deterioration in the global economy, the corresponding reduction in IT spending, and persistent price erosion in these markets has created the need for an appropriate response." ®

Related stories

• Ingram sore over Belgian warehouse burglary (29 May 2009)
• Sony-Ericsson calls time on another 2,000 jobs (17 April 2009)
• Jobs go at Extreme (27 March 2009)
• Ingram ups small biz credit (10 March 2009)
• Ingram slashes profit outlook on soft market (16 September 2008)
• Ingram Micro captures Eurequat at point of sale (9 September 2008)
• Ingram's second quarter cheers (25 July 2008)
• Ingram Micro slams credit crunch 'negative thinking' (30 January 2008)