Ingram Micro Buys Majority Stake In Turkey's Armada

(RTTNews) - Ingram Micro Inc. (IM) said Monday that it has bought a majority stake in Armada, the largest value-added technology distributor in Turkey with 2013 sales of over $280 million.

Ingram Micro said it plans to make a mandatory tender offer for the remaining shares in accordance with Turkish capital markets regulations.

Established in 1993, Armada offers robust enterprise solutions portfolio and channel development experience in the SMB market, credit services, training and other professional offering. Armada has experienced management team, collaborative culture, and long-lasting customer and vendor relationships.