Ingram Micro Acquires Tech Data's Peruvian, Chilean Businesses

Supply chain services supplier Ingram Micro continued its acquisitions binge, saying Wednesday it completed the buy of the Peruvian and Chilean businesses of Tech Data, the Florida-based wholesale distributor of technology products. Terms weren’t disclosed. Ingram said acquiring those businesses from Tech Data would add more than $270 million annually to its revenue line and that the acquisition “complements” its existing holdings in Peru and Chile. The deal also “immediately delivers increased reach and scale in the region, which has consistently been a top performer for the company,” Ingram said. Earlier this month, Ingram announced the introduction of Anovo, a Europe-based provider of repair services for smartphones and set-top boxes across Europe and Latin America (see 1503030020).