The global investment firm, Platinum Equity, has just announced that it intends to acquire Ingram Micro, the world's largest provider of technology logistics services and solutions. The transaction has been valued at $7.2 billion. The sale is expected to be completed by the first half of the New Year, subject to owner HNA Technology's shareholder approval as well as the usual regulatory checks and approvals.
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Alain Monié[/caption]
Starting in 1979 and based in Irvine, California, Ingram Micro is a specialist in helping its partners to leverage the value of the technology that they manufacture, sell or employ. FY 2019 revenue was an impressive $47 billion.
Over 35,000 employees operate in 60 countries, serving in excess of 250,000 customers and partners with more than 2,000 vendors, the vendors distributed include household names in technology, around the world. Ingram Micro's vast global infrastructure with its focus on cloud, mobility, and more, empowers its business partners to operate efficiently in global markets.
"We know Ingram Micro and the industry very well and have been investors in the technology and IT distribution and solutions sectors for more than a decade," said Platinum Equity Partner, Jacob Kotzubei.
"Ingram Micro is an industry leader, one of the largest companies in the world and will be a cornerstone investment in our portfolio," said Platinum Equity Chairman and CEO, Tom Gores.
