Ingram Micro buys major stake in Armada
Move part of expansion strategy into Turkey’s high growth IT market
Global IT distributor Ingram Micro Inc has announced that it has acquired a majority stake in Armada, the largest value-added technology distributor in Turkey with 2013 sales of over $280m.
Ingram Micro said it plans to make a mandatory tender offer for the remaining shares in accordance with Turkish capital markets regulations.
“The addition of Armada is well aligned with our strategic initiatives to grow Ingram Micro’s value business in attractive markets,” said Ali Baghdadi, Ingram Micro senior vice president and president, Middle East, Turkey and Africa, Technology Solutions. “Armada enhances our access and reach into Turkey’s fast growing technology industry while increasing the overall scale and breadth of value-added solutions Ingram Micro brings to our global partners.”
Established in 1993, Armada offers robust enterprise solutions portfolio and channel development experience in the SMB market, credit services, training and other professional offering. Armada has experienced management team, collaborative culture, and long-lasting customer and vendor relationships.