Quick Summary
The Competition Commission of India (CCI) approves 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 in
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FAQ :
The CCI has approved the proposed acquisition of 100% shareholding and sole control of Ingram Micro Inc. by Imola Acquisition Corporation.
Imola Acquisition Corporation is a newly formed entity belonging to the Platinum Equity Group.
Platinum Equity Group specialises in the merger, acquisition, and operation of companies across various sectors, including information technology, telecommunications, logistics, metal services, manufacturing, and distribution.
Ingram Micro Inc. is a US-headquartered IT company that specialises in technology distribution and logistics, cloud solutions, and e-commerce supply chain services.
The acquisition includes 100% shareholding and sole control of Ingram Micro Inc., along with its parent companies (GCL Investment Management Inc. and GCL Investment Holding Inc.) and its direct and indirect subsidiaries.
A detailed order from the CCI is expected to follow.
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