Ingram Micro Expands Its Reach in Fast-Growing, High-Value Latin America Market with Acquisition of Tech Data's Peruvian and Chilean Businesses
Combination Leverages Ingram Micro's Established Position in the Region to Drive Scale, Cost Synergies
SANTA ANA, Calif. –Â Ingram Micro Inc. (NYSE: IM) today announced that it is further expanding its reach in the fast-growing and high-value Latin American market with the acquisition of Tech Data's Peruvian and Chilean businesses. The acquisition, which closed March 16(th), is expected to add more than $270 million annually to Ingram Micro's revenue and be slightly accretive to 2015 consolidated non-GAAP earnings per diluted share.
The acquisition complements Ingram Micro's existing operations in Peru and Chile and immediately delivers increased reach and scale in the region, which has consistently been a top performer for the company. In addition to delivering cost synergies through merger and integration of the two businesses in each country, the acquisition is expected to drive further strong growth in Technology Solutions, while increasing penetration into additional service opportunities in Mobility, Supply Chain Solutions and Cloud.
"This acquisition is an excellent complement to our existing operations in Latin America," said Alain Monié, Ingram Micro CEO. "Latin America is consistently one of our top performing regions and the addition of these businesses to our current operations in Peru and Chile further reinforces to our customers and vendors Ingram Micro's established position and commitment to providing world class, supply-chain and technology services in emerging markets."
About Ingram Micro Inc.
Ingram Micro helps businesses Realize the Promise of Technology™. It delivers a full spectrum of global technology and supply chain services to businesses around the world. Deep expertise in technology solutions, mobility, cloud, and supply chain solutions enables its business partners to operate efficiently and successfully in the markets they serve. More at www.ingrammicro.com.
SOURCE Ingram Micro Inc.
CONTACT: Lisa Zwick, +1 (949) 230-8794, Investor Relations Contact: Damon Wright, +1 (714) 382-5013
Web Site: http://www.ingrammicro.com
