Ingram Micro, one of the largest technology distributors and supply-chain services providers, is now set to acquire certain IT businesses of Dubai-based Aptec Holdings Ltd.
The agreement will allow Ingram Micro to expand its reach by leveraging Aptec’s strong presence in the value added distribution space in the Middle East, North Africa and Turkey.
According to the company’s website, the acquisition is expected to contribute more than $250 million in revenue to Ingram Micro on an annual basis and is expected to close before the end of the third quarter of 2012, subject to the satisfaction of certain closing conditions.
Dr. Ali Baghdadi, founder and CEO of Aptec, will lead the acquired operations reporting to Shailendra Gupta, senior executive VP and president, Ingram Micro Asia-Pacific, it was reported.
“The acquisition of Aptec fits well with our strategic objectives to continue to build our higher margin specialty businesses while broadening our geographic reach to capitalise on higher growth markets,” said Alain Monié, president and CEO of Ingram Micro Inc. “The Middle East and Africa are robust and growing markets with total IT spending projected to reach $80 billion by 2015. Aptec has been highly effective in growing their business and enhancing profitability in these emerging markets and we believe this combination will further accelerate these ongoing objectives. Aptec has a long-tenured, accomplished leadership team and we look forward to joining forces with them.”
“We are excited to join with Ingram Micro. For more than 30 years Aptec has focused on building the company through innovation, value-added service and an unwavering commitment to our customers and vendor partners. The combined strength of Aptec in the MENA and the global leadership and strategic vendor and customer relationships of Ingram Micro provide an excellent opportunity for expanded reach into new services, products and geographies and we expect the union to offer even more value to our combined community,” said Dr. Baghdadi.