Ingram Micro

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Ingram Micro Inc.
subsidiary
Industry Information Technology
Founded 1979
Headquarters Irvine, CA
Key people
Dale Laurance, Chairman
Alain Monié, CEO
William Humes, CFO
Products Computer hardware, software, services, logistics
Revenue Increase US$ 43.026 billion (2015)
Increase US$ 215 million(2015)
Number of employees
27,700
Parent HNA Group (via Tianhai Investment)
Subsidiaries AVAD, APTEC - An Ingram Micro Company
Rating BBB- (Fitch Ratings, December 2016)[1]
Website www.ingrammicro.com

Ingram Micro is a Chinese-owned wholesaler of information technology (IT) products and services. Its headquarters remains in Irvine, California despite the fact the company was acquired by the Chinese group HNA in 2016. With sales over 43 billion USD in 2015, it is the world's largest wholesaler of technology products and services. It sells products and services only to IT resellers, from manufacturers such as Acer Inc., Apple, Cisco, Brocade Communications Systems, Ruckus Wireless, Veeam Software, Google, Hewlett-Packard, IBM, Lenovo, Microsoft, and Samsung. The company ranked 64th in the 2016 Fortune 500.

In February 2016, a definitive merger agreement was announced under which the HNA Group will acquire Ingram Micro in an all-cash transaction with an equity value of approximately $6 billion.[2] The merger was completed in December 2016.

History

Softeurop logo 1989

In 1989 Ingram Micro, then called "Ingram Micro-D", was a subsidiary of the privately owned Ingram Industries group, took over the Belgian Softinvest and its three Softeurop subsidiaries active on the Belgian, the French and the Dutch markets from Brussels, Lille and Utrecht. This was Ingram's first foray outside the United States other than a few Ingram Industries subsidiaries. The company embarked on an active merge, acquisitions and foundation strategy in the European market.[citation needed]

In August 1993, Ingram Micro Belgium acquired Zaventem Electronic Dealer Distribution (Zedd) and much of its assets including the right to distribute Hewlett Packard products.[citation needed]

In July 2005 Ingram Micro purchased AVAD, LLC, a wholesale distributor for home automation and A/V gear.[3] It sold this subsidiary in July 2016.[4]

The Shared Services Center in Manila, Philippines, began operations in May 2009.

Ingram Micro built a presence in areas adjacent to its traditional distribution business, including enterprise computing, automatic identification and data capture (AIDC); point-of-sale (POS); managed, professional and warranty maintenance services; mobility; physical security; and consumer electronics.[citation needed]

Other ventures in 2014 included entry into cloud computing, or software-, platform- and infrastructure-as-a-service.[5]

In June 2014, Ingram Micro changed their logo and introduced a new tagline: “Ingram Micro helps businesses realize the promise of technology”.[6]

In December 2015, Ingram Micro acquired Odin Service Automation platform from Parallels [7] for $163.9 mln.[8]

In February 2016, Ingram Micro announced its agreement to be acquired by the Chinese company Tianjin Tianhai Investment, a subsidiary of mega-conglomerate HNA Group, for $6 billion; upon completion, Ingram Micro would become part of Tianjin Tianhai Investment and therefore a subsidiary of HNA Group.[9] It was reported at the time that Alain Monié, Ingram's chief executive, would remain in place.[10] Bharat Bhisé, indirect minority owner of HNA Group at that time, as well as HNA Group director Tan Xiangdong, were also elected into the 7-men board directors of Ingram Micro.[10] The transaction reportedly made Ingram the biggest revenue generator for HNA Group. The strategic reason for the transaction was to better reach “business opportunities in emerging markets, which have higher growth rates and better profitability.” HNA Group's logistics and its presence in China was intended to help Ingram's growth.[2] The acquisition was completed in December 2016.[11]

In October 2017, Ingram Micro partnered with DocuSign.[12]

Notable employees

Former U.S. Congressman Chris Lee once worked at Ingram Micro.[13]

Bülent Ural, who currently works as a sales consultant for Ingram Micro's German branch, was a member of the German-Turkish musical group Sürpriz, which represented Germany in the Eurovision Song Contest in 1999.[14]

References

  1. ^ "Fitch: Ingram Micro's Ratings Unchanged at 'BBB-' Following Merger". Business Wire. 6 December 2016. Retrieved 19 July 2017. 
  2. ^ a b "Ingram Micro Sold to Chinese Company for $6 Billion". NYTimes.com. 2016-02-18. Retrieved 2016-02-18. 
  3. ^ "Ingram Micro buys AVAD assets". www.bizjournals.com. Retrieved 2017-02-23. 
  4. ^ Jacobson, Julie. "AVAD Acquired by Private Equity Firm; Former Klipsch/Harman Execs to Lead the Co". www.cepro.com. Retrieved 2017-02-23. 
  5. ^ Spring, Tom. "Ingram Micro Ups Cloud Ante: Adds Partnerships, Channel Enhancements, Hosted Services". CRN. Retrieved 28 April 2014. 
  6. ^ "New Logo for Ingram Micro". ocbj.com. 2014-06-23. Retrieved 2016-02-18. 
  7. ^ "Ingram Micro Completes Acquisition of Odin Service Automation Platform and Associated Technologies, Solidifying Leadership Position in the Cloud". prnewswire.com. 2015-12-21. Retrieved 2016-08-02. 
  8. ^ "Ingram Micro Annual 10K report for the fiscal year ending Jan 2, 2016; Note 4 — Acquisitions, Goodwill and Intangible Assets". sec.gov. 2016-02-25. Retrieved 2016-08-02. 
  9. ^ "Ingram Micro Enters Into Agreement to be Acquired by Tianjin Tianhai to Become a Part of HNA Group". February 17, 2016. Retrieved November 17, 2017. 
  10. ^ a b "天津天海投资发展股份有限公司重大资产购买暨关联交易实施情况报告书" (PDF) (Press release) (in Chinese). GF Securities c/o Tianhai Investment. 12 December 2016. p. 11 – via Shanghai Stock Exchange. 
  11. ^ "Ingram Micro and HNA Group Announce Completion of Acquisition". Business Wire. December 6, 2016. Retrieved November 17, 2017. 
  12. ^ "Ingram Micro's DocuSign deal gets cloud treatment in Australia". ARN. Retrieved 2017-10-18. 
  13. ^ "Chris Lee admits to 'mistake' that led to firing frorm (sic) job in 1989". thebatavian.com. 2008-11-01. Retrieved 2016-02-18. 
  14. ^ Ingram Micro DE Ansprechpartner

External links

  • Official website
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