World's biggest distributor acquired
The biggest deal in the worldwide distribution landscape came right at the start of 2016, when China's Tianjin Tianhai pounced on US-headquartered Ingram Micro in a deal valued at US$6 billion.
It took almost a year of regulatory approvals, but Ingram has now become part of HNA Group, a Fortune Global 500 enterprise group headquartered in the province of Hainan with interests in aviation – including China's Hainan Airlines – tourism and logistics and the largest stockholder of Tianjin Tianhai.
Ingram cease trading on the New York Stock Exchange before the market opened on 7 December, making it the only one of North America's six largest IT distributors to be privately held. Ingram Micro had been trading on the New York Stock Exchange since November 1996, 17 years after the company's founding.
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