Ingram Micro moves into growing Middle East and African markets
Snaps up VAD Aptec
Ingram Micro is set to expand its reach into the Middle East and North Africa through the acquisition of value added distributor Aptec.
Dubai-based Aptec distributes into a number of countries in the Middle East and North Africa, providing products and services covering datacentre, storage, security and networking.
Ingram Micro reckons that the VAD will be able to contribute around $250 million in annual revenues to its coffers. Details as to the cost of the acquisition have not been disclosed by Ingram Micro.
The deal will see the global distributor move into the growing markets of the Middle East and Africa, with Aptec already having build up an extensive network of 3,800 resellers in the region.
Aptec also provides consulting and outsourcing services, and fits in with Ingram Micro’s goal of seeking out high margin, specialist partners, CEO Alain Monié said. In recent financial results, Ingram Micro’s global sales revenue dropped slightly year on year.
“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 capitalize on higher growth markets,” Monié said in a statement.
He added: “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.”