Ingram Micro completes Aptec acquisition
Aptec now an Ingram Micro Company
Ingram Micro has completed the acquisition of Aptec, to formally make the distributor a part of the Ingram Micro Group.
Ingram Micro announced the acquisition of certain IT businesses of Dubai-based Aptec Holdings Ltd in August.
The announcement was made at GITEX Technology Week, at a ceremony held on the Aptec stand, by Dr Ali Baghdadi, Vice President and CEO of Aptec, to an audience of senior executives from more than 20 vendor partners, among them HP, Microsoft, Dell, NetApp, VMWare, Cisco, IBM and others, regional IT channel media, Aptec employees and representatives of Aptec reseller partners. Aptec is exhibiting at GITEX for the 32nd time.
"We are excited to join with Ingram Micro," said Baghdadi. "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." “As Ingram Micro’s MEA & Near East subsidiary, Aptec will be covering more than 75 countries in the region which is one of the highest potential growth markets in the world.”
Aptec also announced the appointment of a new CFO, Philip Cheok, who has joined the Middle East team from Ingram Micro Asia Pacific region.
"It is great to join Middle East team. The Middle East and Africa are robust and growing markets. Aptec has been highly effective in growing their business and enhancing profitability in these emerging markets and I believe this combination will further accelerate these ongoing objectives," said Cheok.