Library Technology Guides

Current News Service and Archive


December 17, 2020

Ingram Industries. Ingram Micro and HNA Group announce completion of Acquisition. Ingram Micro and HNA Group announced that they have completed the previously announced transaction, under which Tianjin Tianhai Investment Company, Ltd., a publicly-traded subsidiary of HNA Group, acquired Ingram Micro for $38.90 per share in an all-cash transaction with an equity value of approximately $6 billion. [Full Announcement].

June 15, 2015

Ingram Industries. Ingram Micro acquires Arabian Applied Technology. Ingram Micro announced that it substantially completed the acquisition of the business assets of Arabian Applied Technology, the largest value-added technology distributor in Saudi Arabia. The business will operate as Aptec Saudi Arabia and is a part of Ingram Micro's META region (Middle East, Turkey & Africa) led by Dr. Ali Baghdadi, President of Ingram Micro in META. The Saudi Arabia operation is expected to contribute annual revenue of approximately $200 million and be modestly accretive to Ingram Micro's earnings in 2015. [Full Announcement].

December 1, 2014

Ingram Industries. Ingram Micro acquires Majority Interest in Armada. Ingram Micro announced that it acquired a majority interest in Armada, the largest value-added technology distributor in Turkey with 2013 sales of over $280 million. Ingram Micro plans to make a mandatory tender offer for the remaining shares in accordance with Turkish capital markets regulations. [Full Announcement].

June 13, 2007

Ingram Industries. Ingram Micro Acquires DBL Distributing. The investment bank of Vetus Partners announced today that its client, DBL Distributing, Inc. (“DBL”), signed a definitive agreement to be acquired by Ingram Micro, Inc. [NYSE:IM], the world's largest technology distributor and ranked No. 70 on the 2007 Fortune 500® list of companies. DBL is one of the nation's largest wholesale distributors of consumer electronics accessories, generating more than $300 million in annual revenues. The transaction is expected to close within 30 days, subject to customary closing conditions. The agreement calls for a purchase price of $96 million, subject to final working capital adjustments, and is expected to be nominally accretive to Ingram Micro's earnings per share in 2007. Vetus Partners served as exclusive financial advisor to DBL for the transaction. [Full Announcement].

November 6, 1998

Ingram Industries. Barnes & Noble, Inc. to purchase Ingram Book Group. [Note: this acquisition agreement was later rescinded.]. Barnes & Noble, Inc., announced an agreement to purchase the Ingram Book Group, a privately held subsidiary of Ingram Industries Inc., for $600 million: $200 million in cash and $400 million in stock. The Group includes Ingram Book Company, a leading wholesaler of general trade books; Retailer Services, Inc.; Ingram Periodicals, Inc.; Spring Arbor Distributors, Inc.; Publisher Resources, Inc.; Ingram International, Inc.; Tennessee Book Company; Lightning Print, Inc.; and Ingram Library Services, Inc. [Full Announcement].