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Thursday, Jun 8, 2023
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Ingram Micro Buys in South America

Santa Ana-based Ingram Micro Inc. said it bought businesses in Peru and Chile from Clearwater, Fla.-based Tech Data Corp., on undisclosed terms. The businesses are expected to add $270 million in annual revenue to Ingram.

It is the technology distributor’s third acquisition in the past four months.

Ingram bought a 58% stake in Istanbul-based technology distributor Armada for $24 million through its United Arab Emirates-based Aptec Holdings Ltd. subsidiary. It said at the time that it would offer to buy all shares of Armada, which had about $280 million in sales in 2013.

Ingram bought Paris-based Anovo in November for an estimated $117 million. Anovo repairs and recycles smartphones and set-top boxes. It was expected to add about $300 million in annual revenue to Ingram.

Tech Data is publicly traded and had about $27 billion in sales in 2013.

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