Ingram Micro to acquire Aptec Holdings, targets MENA growth

Ingram Maicro has announced it has signed an agreement to acquire certain IT businesses from Dubai-based Aptec Holdings.

There are few details published of the terms of the acquisition, but Ingram Micro does expect to gain an additional $250m in revenue on an annual basis, whilst also providing the company with a direct presence in the Middle East.

Alain Monié, president and CEO of Ingram Micro Inc. commented: “The Middle East and Africa are robust and growing markets with total IT spend predicted to reach $80bn by 2015.”