The Recycler
G&G Masthead Web banner Feb 2025

Ingram Micro seeks new ownership

January 3, 2019

Ingram Micro could be spending 2019 in new hands, as its parent company, HNA Group, engages in preliminary talks focused on selling the technology distributor.

As COMPUTERWORLDHK reports, HNA Technology has “confirmed discussions were underway with an interested party”, none other than Apollo Global management LLC.

Ingram Micro’s price tag is purported to be $7.5 billion (€6.6 billion).

“Due to changes in market conditions and the company’s strategy, the company is in talks with a concerned party on selling Ingram Micro,” the company stated.

Ingram Micro was purchased by HNA back in 2016 for a sum of $6 billion (€5.2 billion). In September 2018, HNA Technology “claimed to hold $3.5 billion (€3 billion) of outstanding debt from the purchase of Ingram Micro, of which $350 million (€308.3 million) was due for payment this year.”

Categories : City News

Tags : Acquisitions HNA Group HNA Technology Ingram Micro Sellling

Zhono Web ad March 2024
GM Technology Feb 2025 Web Ad
Denner Feb 2024 Web Ad
Integral Web Banner Feb 2025

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark

The Recycler Subscribe Web ad January 2021
The Recycler Subscribe Web ad January 2021