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Wednesday, Jun 19, 2024
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Ingram Micro in $175M Dutch Ecommerce Buy

Irvine-based Ingram Micro Inc. will buy two ecommerce fulfillment divisions of Netherlands-based DocData BV for $175 million.

Ingram said the 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.

Chief Executive Alain Monie said the acquisitions complement “existing commerce and fulfillment offerings [and] leverage Ingram Micro’s broad geographic reach.”

The world’s largest technology products distributor in June 2014 began a “global branding initiative” and in the last year has bought companies in France, Turkey, Saudi Arabia, Portugal, the United Kingdom, Peru and Chile.

Shareholders representing 64% of DocData’s ownership have agreed to approve the transaction at a special meeting, which is expected to take place by the end of the year.

Ingram Micro had revenue last year of about $46 billion and a recent market cap of about $4.4 billion.

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