MB Technologies has agreed to acquire the full ownership of Ingram Micro South Africa. The transaction is subject to South African Competitions Board approval, after which it will become effective. An application to the Competitions Board is in the process of being filed.
“MB Technologies has taken this decision given the strategic importance of the components business to the group and the success that has been achieved in building this business over the past three years”, says Glenn Fullerton, CEO of MB Technologies.
He adds “Over this period day to day management has been vested in a strong, fully fledged South African management team and this team will continue to grow the proposed full MB Technologies subsidiary. The transaction will have no effect on the day to day operations of the Group’s components business.”
The company has grown strongly over the last three years and has earned recognition from the channel for customer service and the international vendors for the growth achieved. Recently the company won the African Distributor of the Year award at the EMEA Channel Academy Awards 2010 in Monaco.
The company will be re-branded in the months to come to reflect its new status as a fully-owned member of the MB Technologies Group.
The company will continue to primarily be an independent components-focused distributor within the MB Technologies Group and provide its customers and partners with the same level of excellent service as it has in the past.