Infotech Lead Middle East: Ingram Micro is set to buy certain IT businesses of Dubai-based Aptec Holdings.
The acquisition will assist Ingram Micro to expand into the Middle East and African markets. The Middle East and Africa are growing markets with total IT spending projected to reach $80 billion by 2015.
Aptec has presence in the Middle East, Turkey and North Africa, with products and solutions covering data center, storage, security, networking, and software categories, including technical services. The company has approximately 350 associates serving over 3,800 active resellers.
The acquisition is expected to contribute more than $250 million in revenue to Ingram Micro on an annual basis.
Ali Baghdadi, founder and chief executive officer of Aptec, will lead the acquired operations reporting to Shailendra Gupta, senior executive vice president and president, Ingram Micro Asia-Pacific.
“The acquisition of Aptec fits well with our strategic objectives to continue to build our higher margin specialty businesses while broadening our geographic reach to capitalize on higher growth markets,” said Alain Monie, president and chief executive officer of Ingram Micro.
Aptec currently operates in 6 countries and provides products and services to key Middle East and North Africa countries including the United Arab Emirates, Kuwait, Oman, Egypt, Lebanon, Pakistan and Turkey.
Aptec’s marketing programs, advanced logistics services, technical support, consultancy, high-level technical consulting and outsourcing services, financial services and product delivery and distribution capabilities have made the company one of the most prominent value-added distributors in the region.
“For more than 30 years Aptec has focused on building the company through innovation, value-added service and an unwavering commitment to our customers and vendor partners. The combined strength of Aptec in the Middle East and North Africa and the global leadership and strategic vendor and customer relationships of Ingram Micro provide an excellent opportunity for expanded reach into new services, products and geographies and we expect the union to offer even more value to our combined community,” said Baghdadi.