Ingram Micro

Ingram Micro Inc.
Public subsidiary
Traded as NYSE: IM
Industry Electronics
Founded 1979
Headquarters Irvine, CA
Key people
 Dale Laurance, Chairman
Alain Monié, CEO
William Humes, CFO
Products Computer hardware, software, services, logistics
Revenue Increase US$ 43.026 billion (2015)
Increase US$ 215 million(2015)
Number of employees
 27,700
Subsidiaries AVAD
Website www.ingrammicro.com

Ingram Micro is an American electronics company and information technology distributor. It is the world's largest wholesale technology products distributor. Ingram Micro distributes and markets a large variety of electronics which it sources from manufacturers such as Acer Inc., Apple, Cisco, Google, Hewlett-Packard ("HP"), IBM, Lenovo, Microsoft, Samsung and others. The company ranks 64nd in the 2015 Fortune 500. It is headquartered in Irvine, California.

In February 2016, a definitive merger agreement was announced under which the HNA Group will acquire Ingram Micro in an all-cash transaction with an equity value of approximately $6 billion.[1]

History

Softeurop logo 1989

In 1989 Ingram Micro, then called "Ingram Micro-D", was a subsidiary of the privately owned Ingram Industries group, took over the Belgian Softinvest and its three Softeurop subsidiaries active on the Belgian, the French and the Dutch markets from Brussels, Lille and Utrecht. This was Ingram's first foray outside the United States other than a few Ingram Industries subsidiaries. The company embarked on an active merge, acquisitions and foundation strategy in the European market.

In August 1993, Ingram Micro Belgium acquired Zaventem Electronic Dealer Distribution (Zedd) and much of its assets including the right to distribute Hewlett Packard products.

The Shared Services Center in Manila, Philippines, began operations in May 2009.

Ingram Micro built a presence in areas adjacent to its traditional distribution business, including enterprise computing, automatic identification and data capture (AIDC); point-of-sale (POS); managed, professional and warranty maintenance services; mobility; physical security; and consumer electronics.

Other ventures in 2014 included entry into cloud computing, or software-, platform- and infrastructure-as-a-service.[2]

In June 2014, Ingram Micro changed their logo and introduced a new tagline: “Ingram Micro helps businesses realize the promise of technology”.[3]

In December 2015, Ingram Micro acquired Odin Service Automation platform from Parallels [4] for $163.9 mln.[5]

In February 2016, Ingram Micro was acquired by Chinese A stock listed company Tianjin Tianhai Investment, a subsidiary of Haikou, China-based HNA Group, for $6 Billion. It was reported at the time that Alain Monié, Ingram’s chief executive, would remain in place. The transaction reportedly made Ingram the biggest revenue generator for HNA Group. The strategic reason for the transaction was to better reach “business opportunities in emerging markets, which have higher growth rates and better profitability.” HNA Group’s logistics and its presence in China was intended to help Ingram's growth.[1]

Notable employees

Former U.S. Congressman Chris Lee once worked at Ingram Micro.[6]

References

  1. 1 2 "Ingram Micro Sold to Chinese Company for $6 Billion". NYTimes.com. 2016-02-18. Retrieved 2016-02-18.
  2. ↑ Spring, Tom. "Ingram Micro Ups Cloud Ante: Adds Partnerships, Channel Enhancements, Hosted Services". CRN. Retrieved 28 April 2014.
  3. ↑ "New Logo for Ingram Micro". ocbj.com. 2014-06-23. Retrieved 2016-02-18.
  4. ↑ "Ingram Micro Completes Acquisition of Odin Service Automation Platform and Associated Technologies, Solidifying Leadership Position in the Cloud". prnewswire.com. 2015-12-21. Retrieved 2016-08-02.
  5. ↑ "Ingram Micro Annual 10K report for the fiscal year ending Jan 2, 2016; Note 4 — Acquisitions, Goodwill and Intangible Assets". sec.gov. 2016-02-25. Retrieved 2016-08-02.
  6. ↑ "Chris Lee admits to 'mistake' that led to firing frorm (sic) job in 1989". thebatavian.com. 2008-11-01. Retrieved 2016-02-18.

External links

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