Ingram Micro Inc. announced substantial completion of its acquisition of business assets of Arabian Applied Technology, the largest value-added technology distributor in Saudi Arabia.
As part of Ingram Micro’s Middle East, Turkey and Africa (META) region, Arabian Applied Technology will operate as Aptec Saudi Arabia and offer a solutions portfolio cobering data center, storage, security, networking and software.
"The acquisition of the business of Arabian Applied Technology in Saudi Arabia, is another excellent addition to Ingram Micro's expanding presence in the rapidly growing and higher value Middle East market," said Alain Monié, Ingram Micro chief executive officer. "Aptec Saudi Arabia will continue the leading operations as a Value Added Distributor, and under Ingram Micro's leadership, the company will be able to provide an even greater breadth of services and solutions to its partners and customers to help them realize the promise of technology across multiple technology segments including Advanced Solutions, Mobility, Cloud, Professional Services, Training and Supply Chain."
According to Ingram Micro, Aptec Saudi Arabia is expected to contribute annual revenue of about $200 million.