Platinum Equity, a private equity investment firm, has entered a definitive agreement to acquire Ingram Micro, a provider of technology logistics services and solutions from HNA Technology Company for a sum of $7.2 billion.
The multibillion-dollar sale is expected to be completed by the first half of 2021, subject to HNA Technology shareholder and customary regulatory approvals.
Ingram Micro currently has more than 35,000 employees and operations in 60 countries, partnering with more than 2,000 vendors in the technology world.
Alain Monié will continue to lead Ingram Micro as CEO, with the company continuing to be headquartered in Irvine, California,USA.
Tom Gores, chairman and CEO, Platinum Equity: "Ingram Micro is an industry leader, one of the largest companies in the world and will be a cornerstone investment in our portfolio.
“We have the resources and the experience to help the company pursue an aggressive agenda of growth and transformation."