Tianjin Tianhai is part of the conglomerate HNA Group, which owns the airline Hainan Airlines and also has a large shipping business. The Group, which has headquarters in Hainan, also works in finance, real estate, retail and tourism.
And from by now also with IT distribution.
The price landed at $ 38.90 per share. This gives a total price of $ 6 billion, equivalent to 51 billion. It’s about the same price tag as the Swedish gaming company King sold for last year.
In its communication with customers and partners write Ingram Micro that it will continue as an independent player in the Chinese group, and also notes that HNA Group historically has invested in multinational businesses and well-known brands and mention the latest examples Swissport International, Avolon and Red Lion Hotels.
Furthermore, it mentioned that the new owner supports the company’s current strategy, and that the headquarters will still be in California Irvine.
The parties expect that the deal will be fully completed during the second half of 2016, all shareholders have spoken, and all regulatory requirements are met.
How the Swedish and Nordic operations will be affected is so clear very early to say. And in Sweden Ingram Micro Office refers to the group level.
- We expect no change in how we interact with manufacturers, customers and partners, other than that we will be able to be more flexible and able to invest in a future that is beyond the next quarter, says Ingram Micro IR manager Damon Wright IT24.
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