SANTA ANA, Calif., July 28 /PRNewswire/ -- Ingram Micro Inc. (NYSE:IM)
, the world's leading wholesale distributor of technology products and services, today announced that it has completed the acquisition of Tech Data Corporation's majority interest in Munich, Germany-based Macrotron AG.
A definitive agreement for the approximately $100 million cash transaction was announced on June 10, 1998. All regulatory requirements have been met and all contingencies and considerations have been satisfied. Macrotron President and CEO, Michael Kaack, will continue to lead the Germany-based operation, which will be known as Ingram Macrotron, reporting directly to Philip D. Ellett, executive vice president and president of Ingram Micro Europe.
Ingram Micro Inc. (NYSE:IM)
, headquartered in Santa Ana, Calif., is the world's leading wholesale distributor of technology products and services, and a leading provider of assembly and integration services, with 1997 sales of more than $16.5 billion. The company and its affiliates operate in 31 countries and distribute more than 145,000 products to more than 100,000 resellers in 120 countries. Ingram Micro can be found at http://www.ingrammicro.com/.
Ingram Micro is a trademark used under license by Ingram Micro Inc. All other logos, brand names and product names are trademarks of their respective companies.
Source: Ingram Micro Inc.
Contact: Kirsten Frosh, Media Relations of Ingram Micro Inc.,
714-382-2727, kirsten.frosh@ingrammicro.com
Website: http://www.ingrammicro.com/