Ingram Micro to acquire Grupo Acao

Ingram Micro is in the process of acquiring the Acao Group, a Latin America provider of IT solutions based in Sao Paulo, Brazil.

The new addition represents a $300 million increase on Micro's annual value-add solutions revenue and is expected to be finalized by the end of 2015.

"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. 

The key leadership from Acao will reportedly support the integration between the two companies in order to maintain its growth.

Ingram Micro has operations in Brazil, Colombia, Argentina, Chile, Peru, Uruguay and Ecuador, where it provides sales support and financial services, while Acao has significant clients in its portfolio, such as IBM, Oracle and Red Hat.