A Chinese outfit has written a cheque for Ingram Micro for $6 billion.
Chinese aviation and shipping conglomerate HNA Group will buy the outfit so that it will become a subsidiary of Tianjin Tianha. Its HQ will remain where it is along with the firm’s executive management team will stay in place, with Alain Monié continuing as chief executive.
All Ingram Micro lines of business and all regional and country operations are “expected to continue unaffected”.
Adam Tan, CEO of HNA Group, stated: “Ingram Micro has clearly established itself as a leading distributor and global provider of IT products and services. The company has a proven and talented team and we believe Ingram Micro is unrivalled in its ability to offer industry-leading, differentiated and easy-to-manage solutions to vendor and customer partners worldwide. We look forward to supporting Ingram Micro’s management team and strategies, including continued expansion into new geographies, while also offering their vendor and customer partners access to new and complementary offerings.
Tan said that Ingram Micro would become the largest member enterprise of HNA Group in terms of revenue, and facilitate the internationalisation process of the group. With the help of Ingram Micro, HNA Group would have access to business opportunities in emerging markets, which have higher growth rates and better profitability. Furthermore, the addition of Ingram Micro would help the logistics sector of HNA Group transform from a logistics operator to a supply chain operator, and provide one-stop services while improving efficiencies.
