Ingram Micro, one of the world’s largest distribution company expended its reach in Middle East after buying dubai based local distribution house, Aptec IT Distribution few years ago by acquiring a majority stake in Turkish value added distribution company, Armada.
Armada, is largest value-added technology distributor in Turkey with over $280 million in revenue for the year 2013. Ingram Micro 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.”
Armada was established in 1993, offers robust enterprise solutions portfolio and channel development experience in the SMB market, credit services, training and other professional offering. The company boosts a experienced management team, collaborative culture, and long-lasting customer and strong vendor relationships.