ScanSource Inc. (Nasdaq: SCSC) is buying Brazil-based Network1, a communications equipment provider, for $70 million to expand in Latin America.

Network1, headquartered in Sao Paulo, does business as Network1 Intersmart Comércio Importação Exportação de Equipamentos Eletrônicos SA. The company distributes various services, including networking, data center, cloud, security, infrastructure and other services. The deal also includes potential earnout payments based on Ebitda over the next four years.

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