Ingram Micro acquires Arabian Applied Technology
The business will operate as Aptec Saudi Arabia and is a part of Ingram Micro's META region (Middle East, Turkey & Africa) led by Ali Baghdadi, President of Ingram Micro in META. The Saudi Arabia operation is expected to contribute annual revenue of approximately $200 million and be modestly accretive to Ingram Micro's earnings in 2015.
Aptec Saudi Arabia will offer a robust enterprise solutions portfolio with products and solutions covering data center, storage, security, networking and software categories including technical services. Its staff has vast channel development experience in the SMB market, credit services, training and other professional offerings.
Aptec Saudi Arabia will carry on the collaborative culture and long-lasting customer and vendor relationships under the experienced management team.
"The acquisition of the business of Arabian Applied Technology in Saudi Arabia, is another excellent addition to Ingram Micro's expanding presence in the rapidly growing and higher value Middle East market," said Alain Monié, Ingram Micro chief executive officer. ■