Type
|
subsidiary |
---|---|
Industry | Information Technology |
Founded | 1979 |
Headquarters | Irvine, CA |
Key people
|
Dale Laurance, Chairman Alain Monié, CEO William Humes, CFO |
Products | Computer hardware, software, services, logistics |
Revenue | US$ 43.026 billion (2015) |
Net income
|
US$ 215 million(2015) |
Number of employees
|
27,700 |
Parent | Tianhai Investment |
Subsidiaries | AVAD, APTEC - An Ingram Micro Company |
Rating | BBB- (Fitch Ratings, December 2016) |
Website | www |
Ingram Micro is a wholesaler of IT products and services. Its headquarters remains in Irvine, California despite the fact the company has been acquired by the Chinese group HNA in 2016. With sales over 43 billion USD in 2015, it is the world's largest wholesaler in technology products and services. It sells products and services only to IT resellers, from manufacturers such as Acer Inc., Apple, Cisco, Brocade Communications Systems, Ruckus Wireless, Veeam Software, Google, Hewlett-Packard ("HP"), IBM, Lenovo, Microsoft, Samsung ... The company ranks 64th in the 2016 Fortune 500.
In February 2016, a definitive merger agreement was announced under which the HNA Group will acquire Ingram Micro in an all-cash transaction with an equity value of approximately $6 billion.
In 1989 Ingram Micro, then called "Ingram Micro-D", was a subsidiary of the privately owned Ingram Industries group, took over the Belgian Softinvest and its three Softeurop subsidiaries active on the Belgian, the French and the Dutch markets from Brussels, Lille and Utrecht. This was Ingram's first foray outside the United States other than a few Ingram Industries subsidiaries. The company embarked on an active merge, acquisitions and foundation strategy in the European market.
In August 1993, Ingram Micro Belgium acquired Zaventem Electronic Dealer Distribution (Zedd) and much of its assets including the right to distribute Hewlett Packard products.
In July 2005 Ingram Micro purchased AVAD, LLC, a wholesale distributor for home automation and A/V gear. It sold this subsidiary in July 2016.
The Shared Services Center in Manila, Philippines, began operations in May 2009.
Ingram Micro built a presence in areas adjacent to its traditional distribution business, including enterprise computing, automatic identification and data capture (AIDC); point-of-sale (POS); managed, professional and warranty maintenance services; mobility; physical security; and consumer electronics.
Other ventures in 2014 included entry into cloud computing, or software-, platform- and infrastructure-as-a-service.
In June 2014, Ingram Micro changed their logo and introduced a new tagline: “Ingram Micro helps businesses realize the promise of technology”.
In December 2015, Ingram Micro acquired Odin Service Automation platform from Parallels for $163.9 mln.
In February 2016, Ingram Micro was acquired by Chinese listed company Tianjin Tianhai Investment, a subsidiary of mega conglomerate HNA Group, for $6 Billion. It was reported at the time that Alain Monié, Ingram's chief executive, would remain in place. Bharat Bhisé, indirect minority owner of HNA Group at that time, as well as HNA Group director Tan Xiangdong, were also elected into the 7-men board directors of Ingram Micro. The transaction reportedly made Ingram the biggest revenue generator for HNA Group. The strategic reason for the transaction was to better reach “business opportunities in emerging markets, which have higher growth rates and better profitability.” HNA Group's logistics and its presence in China was intended to help Ingram's growth.In October 2017, Ingram Micro partnered with DocuSign.
Former U.S. Congressman Chris Lee once worked at Ingram Micro. A former member of the German-Turkish group Sürpriz who represented Germany in the Eurovision Song Contest 1999, Bülent Ural, currently works as a sales consultant for Ingram Micro's German branch.
2016-03-02 | Downgrade | Northcoast Research | Buy to Neutral | |
2016-02-29 | Downgrade | Credit Agricole | Outperform to Underperform | |
2016-02-29 | Downgrade | Credit Agricole SA | Outperform to Underperform | |
2016-02-19 | Downgrade | Raymond James | Outperform to Market Perform | |
2016-02-19 | Downgrade | Raymond James Financial Inc. | Outperform to Market Perform | |
2016-02-18 | Downgrade | Needham & Company LLC | Buy to Hold | $34.00 |
2016-02-18 | Downgrade | Citigroup Inc. | Buy to Neutral | |
2015-11-02 | Lower Price Target | Needham & Company LLC | Buy | $35.00 to $34.00 |
2015-10-29 | Reiterated Rating | Brean Capital | Buy | $36.00 |
2015-10-26 | Boost Price Target | Raymond James | Strong-Buy | $32.00 to $34.00 |
2015-10-15 | Boost Price Target | Needham & Company LLC | Buy | $30.00 to $35.00 |
2015-09-21 | Reiterated Rating | Raymond James | Strong-Buy | $32.00 |
2015-08-03 | Lower Price Target | Citigroup Inc. | Buy | $36.00 to $30.00 |
2015-07-31 | Reiterated Rating | Brean Capital | Buy | $36.00 |
2015-05-05 | Set Price Target | Brean Capital | Buy | $36.00 |
2015-05-05 | Lower Price Target | Stifel Nicolaus | Buy | $35.00 to $33.00 |
2015-03-12 | Downgrade | Barclays | Overweight to Equal Weight | $29.00 to $26.00 |
2015-03-12 | Downgrade | Barclays PLC | Overweight to Equal Weight | $29.00 to $26.00 |
2015-02-27 | Lower Price Target | Barclays | Overweight | $31.00 to $29.00 |
2015-02-27 | Lower Price Target | Citigroup Inc. | Buy | $38.00 to $36.00 |
2015-02-26 | Reiterated Rating | Brean Capital | Buy | $40.00 to $36.00 |
2015-02-20 | Lower Price Target | Needham & Company LLC | Buy | $37.00 to $34.00 |
2015-01-14 | Lower Price Target | Barclays | Overweight | $34.00 to $31.00 |
2014-10-24 | Upgrade | Credit Agricole | Underperform to Outperform | |
2014-09-26 | Reiterated Rating | Barclays | Overweight | $36.00 to $34.00 |
2014-07-25 | Reiterated Rating | Raymond James | Strong-Buy | $34.00 to $36.00 |
2014-07-25 | Reiterated Rating | Stifel Nicolaus | Buy | $32.00 to $35.00 |
2014-07-25 | Reiterated Rating | Citigroup Inc. | Buy | $35.00 to $36.00 |
2014-07-25 | Reiterated Rating | Barclays | Overweight | $33.00 to $36.00 |
2014-07-25 | Reiterated Rating | Bank of America | Buy | $36.00 to $37.00 |
2014-07-25 | Reiterated Rating | Bank of America Corp. | Buy | $36.00 to $37.00 |
2014-07-16 | Upgrade | Bank of America | Neutral to Buy | |
2014-06-26 | Reiterated Rating | Raymond James | Strong-Buy | $33.00 to $34.00 |
2014-06-26 | Reiterated Rating | Barclays | Overweight | $31.00 to $33.00 |
2014-06-26 | Upgrade | Cross Research | Hold to Buy | |
2014-05-12 | Upgrade | Stifel Nicolaus | Hold to Buy | $32.00 |
2014-04-29 | Upgrade | Raymond James | Outperform to Strong-Buy | $33.00 |
2014-04-24 | Reiterated Rating | Barclays | Overweight | $31.00 |
2014-04-24 | Boost Price Target | Needham & Company LLC | Buy | $32.00 to $35.00 |
2014-04-15 | Upgrade | Citigroup Inc. | Neutral to Buy | $28.00 to $35.00 |
2014-04-07 | Upgrade | Northcoast Research | Neutral to Buy | $36.00 |
2014-04-04 | Boost Price Target | Brean Capital | Buy | $31.00 to $40.00 |
2014-03-28 | Boost Price Target | Raymond James | $30.00 to $33.00 | |
2014-02-14 | Boost Price Target | Needham & Company LLC | Buy | $26.00 to $32.00 |
2014-02-10 | Upgrade | Brean Capital | Hold to Buy | $31.00 |
2014-01-06 | Upgrade | Barclays | Equal Weight to Overweight | $23.00 to $29.00 |
2013-10-25 | Boost Price Target | Needham & Company LLC | Buy | $24.00 to $26.00 |
2013-10-25 | Boost Price Target | Barclays | Equal Weight | $21.00 to $23.00 |
2012-02-09 | Downgrade | Needham | Buy to Hold | |
2011-10-18 | Reiterated | Needham | Buy | $23 to $20 |
2010-02-01 | Upgrade | Needham | Hold to Buy | $21 |
2010-01-25 | Upgrade | Thomas Weisel | Market Weight to Overweight | |
2010-01-25 | Upgrade | Brean Murray | Hold to Buy | $23 |
2009-07-31 | Downgrade | Citigroup | Buy to Hold | |
2009-07-21 | Initiated | Brean Murray | Hold | |
2008-08-18 | Downgrade | Banc of America Sec | Buy to Neutral |
2016-03-02 | Downgrade | Northcoast Research | Buy to Neutral | |
2016-02-29 | Downgrade | Credit Agricole | Outperform to Underperform | |
2016-02-29 | Downgrade | Credit Agricole SA | Outperform to Underperform | |
2016-02-19 | Downgrade | Raymond James | Outperform to Market Perform | |
2016-02-19 | Downgrade | Raymond James Financial Inc. | Outperform to Market Perform |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In IM 9 funds of 2213 total. Show all
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RUSSELL FRANK CO/ | 0.51M |
GW CAPITAL INC | 0.36M |
VTL Associates, LLC | 0.30M |
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FIRST CITIZENS BANCORPORATION INC | 46460 |
Gerstein Fisher | 40464 |
BRC Investment Management LLC | 20767 |
TradeLink Global Equity LLC | 8333 |
NEW ENGLAND SECURITIES CORP /MA/ | 338 |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
MONIE ALAIN President & CEO | 0.39% (611818) | AES / AMZN / EXPD / IM / |
LAURANCE DALE R | 0.17% (267391) | IM / |
INGRAM JOHN R | 0.17% (258180) | IM / |
Humes William David Chief Oper. and Fin. Officer | 0.16% (245397) | DDD / IM / |
INGRAM ORRIN H II | 0.13% (204958) | CCE / FBK / IM / |
Gupta Shailendra SR EVP & Pres. Asia-Pacific | 0.12% (182852) | IM / |
Read Paul President & COO | 0.09% (142641) | IM / MAN / |
Jolliffe Lynn EVP, Human Resources | 0.08% (118787) | IM / KAR / |
BOYD LARRY C EVP, Sec. & General Counsel | 0.07% (115201) | IM / |
Maquet Alain SR EVP & Pres., EMEA | 0.07% (114409) | IM / |
ATKINS HOWARD I | 0.05% (85404) | IM / OXY / |
SMITH MICHAEL T | 0.05% (73242) | FLIR / IM / TDY / WBC / |
STONE HEISZ LESLIE | 0.04% (66188) | EW / HCC / IM / PSA / TW / |
LEVINSON LINDA FAYNE | 0.04% (62658) | HTZ / IM / JEC / NCR / WU / |
Leone Mario F EVP & CIO | 0.04% (59421) | FDML / IM / |
Dave Nimesh EVP Global Business Process | 0.03% (48523) | IM / |
WYATT JOE B | 0.03% (44380) | IM / |
MCGREGOR SCOTT A | 0.03% (39486) | AMAT / EFX / IM / |
Soumbasakis John EVP & President Latin America | 0.02% (35487) | IM / |
Gifford Robert K EVP Global Logistics | 0.02% (28351) | BHE / IM / |
Oosterman Wade | 0.02% (28111) | IM / |
Bay Paul D Sr. EVP, Pres. IM N. Amer. | 0.02% (27810) | IM / |
PARK ERNEST Sr. EVP, CIO | 0.02% (25289) | IM / |
Schulz Gerhard Sr. Exec. VP and Pres., Europe | 0.01% (20322) | IM / |
Kamel G. Sam SVP Corporate Strategy | 0.01% (14416) | IM / |
BARNES DAVID A | 0.01% (13495) | HTZ / IM / UPS / |
Mills Carol | 0.01% (11964) | ALSK / IM / ZNGA / |
Bradley Keith W F Retired President, N. America | 0.01% (9237) | IM / |