CCI approves proposed acquisition of 100% shareholding and sole control of Ingram Micro Inc. by Imola Acquisition Corporation

CCI approves proposed acquisition of 100% shareholding and sole control of Ingram Micro Inc. by Imola Acquisition Corporation

Ingram Micro is a US Headquartered IT company that specializes in technology distribution and logistics, cloud solutions, and e-commerce supply chain services

The Competition Commission of India (CCI) approves the proposed acquisition of 100% shareholding and sole control of Ingram Micro Inc. by Imola Acquisition Corporation.

The proposed combination concerns the proposed acquisition of 100% shareholding and sole control of Ingram Micro Inc. together with its parent companies (i) GCL Investment Management Inc. and GCL Investment Holding Inc. and (ii) its direct and indirect subsidiaries (collectively referred to as Ingram Micro).

Imola is a newly incorporated entity belonging to Platinum Equity Group. Platinum Equity Group specializes in the merger, acquisition, and operation of companies that provide services and solutions to customers in a broad range of businesses, including information technology, telecommunications, logistics, metal services, manufacturing, and distribution.

A detailed order of the CCI will follow.