Senior Ingram Micro figures have told Mobile that its acquisition by China’s HNA Group will not change its UK business strategy.
The $6bn takeover of the global business is expected to close in the second half of 2016 and will see the distributor operate as a subsidiary of Tianjin Tianhai, part of the HNA Group. The transaction will see the HNA Group gain a stronger foothold in the European distribution space, having already acquired a number of logistics companies in the region.
Speaking to Mobile at this year’s Mobile World Congress, Jac Currie, president of Ingram Micro Mobility Europe, expressed confidence that the takeover would not affect Ingram’s UK business. He also explained there will be very few internal changes as a result of the takeover, claiming HNA already ‘like what they see’.
Currie said: ‘This acquisition won’t lead to a change in business strategy or a change in our execution of that strategy. It is still early days. Internally we’ve had a number of briefings and there is going to be very little, if any, operational change to the business. HNA are not in the supply chain and distribution space at all, and they like what they see with Ingram Micro.’
His words were echoed by Shailendra Gupta, president of mobility & lifecycle services at the distributor: ‘HNA is not in this business, and they’re happy for Ingram Micro management to continue to run the business exactly as it has been run in the past. That’s why we’re seeing value in this deal.’