Platinum Equity has completed its $7.2 billion acquisition of distie Ingram Micro from HNA Group.
The deal was first announced in December last year following HNA’s decision to reduce some of its debts.
Ingram Micro turned over $49 billion in revenue in 2020, making it the world’s largest technology distributor, though the merger between Tech Data and Synnex is set to see it overtake its rival.
Alain Monié will continue to lead Ingram Micro as chief executive officer, supported by his leadership team, and the company will continue to be headquartered in Irvine, California.
The company said Platinum shares Ingram Micro’s vision and is dedicated to develop and offer “innovative solutions” across the IT “ecosystem”.
