Ingram Micro Inc. (NYSE: IM) said it has entered into a definitive agreement under which, subject to closing conditions, Ingram Micro will acquire Sao Paulo, Brazil-based Grupo AÃÃO (AÃÃO), one of Latin America´s leading providers of critical value-add IT solutions.
In addition to a portfolio of higher value products, including those from strategic vendors such as IBM, Oracle, Red Hat, EMC and VMware, AÃÃO also provides integration services, sales support and financial services, with operations in Brazil, Colombia, Argentina, Chile, Peru, Uruguay and Ecuador.
AÃÃO key leadership has agreed to join Ingram Micro upon close of the transaction to assist in the integration and help drive continued growth and expanding profitability across the combined business thereafter. The transaction, which is subject to customary regulatory and other closing conditions, is expected to close late in the 2015 fourth quarter. AÃÃO is expected to contribute in excess of USD300 million in annual value-add solutions revenue to Ingram Micro and be modestly accretive to 2016 full year non-GAAP earnings per share.
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.