Wholesale technology distributor Ingram Micro Inc. (NYSE: IM), Santa Ana, CA, has agreed to acquire IT provider Grupo ACAO, Sao Paulo, Brazil. Terms were not disclosed.
"As evidenced by a history of strong operating margin contribution, Ingram Micro has been extremely successful in rapidly expanding our high value business in Latin America, particularly in Brazil, where we are already established as one of the leading overall technology distributors and have enjoyed strong double digit growth rates in local currency for many quarters," said Ingram Micro CEO Alain Monié. "ACAO's position as a key solutions value-added distributor is a perfect complement to our rapidly growing higher margin business in the region."
