Irvine-based Ingram Micro Inc. is set to acquire Grupo ACAO, one of the largest IT providers in Latin America.
Financial details of the transaction, which is expected to close by the end of the year, were not disclosed.
The Sao Paulo-based company is projected to add $300 million in annual revenue for Ingram Micro and “modestly” add to the bottom line next year, the company said in a statement.
Grupo is a value added reseller of IBM, Oracle, EMC and VMWare products, among others. It also provides integration services, sales support and financial services from its hubs in Brazil, Columbia, Argentina, Chile, Peru, Uruguay and Ecuador.
The buy is the second acquisition for Ingram in the last week. The world’s largest electronics distributor is set to buy two ecommerce fulfillment divisions of Netherlands-based DocData BV for $175 million.
Ingram said those buy would add at least $150 million in annual revenue. The divisions process 125,000 to 250,000 transactions a day for companies in the Netherlands, United Kingdom and Germany.
Ingram, which began a “global branding initiative” last year, has bought companies in France, Turkey, Saudi Arabia, Portugal, the United Kingdom, Peru and Chile in the last year.
Ingram Micro had revenue last year of about $46 billion.
Shares of Ingram Micro were up modestly in after-hours trading to a market value of about $4.5 billion.