Ingram Micro and HNA Group Announce Completion of Acquisition

Published On: December 26, 2016Categories: Buzz, Uncategorized

Ingram Micro Inc. and HNA Group today announced that they have completed the previously announced transaction, under which Tianjin Tianhai Investment Company, Ltd. acquired Ingram Micro for $38.90 per share in an all-cash transaction with an equity value of approximately $6 billion.

“The closing of this transaction represents a significant milestone on Ingram Micro’s path to growing our business and providing a full spectrum of global technology and supply chain services to businesses around the world,” said Alain Monié, CEO of Ingram Micro. “We are delighted to move forward with this partnership with HNA Group and excited by the opportunity to accelerate the development and delivery of an even stronger value proposition for Ingram Micro’s vendors and customers globally.”

Working together, we believe there are significant opportunities to continue to expand Ingram Micro’s delivery platform and portfolio of solutions offerings into high growth regions and provide customers across a wide range of industries with greater access to new market opportunities. Today marks a significant step forward in HNA Group’s efforts to create a global, one-stop provider of logistics and supply chain solutions and services.”

Ingram Micro will remain headquartered in Irvine, California and will continue to be led by CEO Alan Monié. Trading of Ingram Micro stock on the New York Stock Exchange has been terminated.

Channel Impact®
The move is expected to help Ingram Micro to grow its value proposition, and to extend its presence into new geographies.

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