Ingram Micro has announced a definitive agreement to acquire Canal Digital, a value-added technology distributor based in Colombia. Financial details of the acquisition were not disclosed.
This is M&A deal number 520 that ChannelE2E has covered so far in 2020. See the full M&A deal list here.
The acquisition is expected to be completed in the first quarter of 2021, subject to customary regulatory approvals, according to a statement from the company.
The acquisition will accelerate Ingram Micro’s growth plan in Latin America, build on its capabilities and expand its expertise, partner reach and market share in Colombia, according to a statement released by the technology distributor. Under the leadership of Juan Mejía, managing director, Ingram Micro Colombia, Ingram Micro’s organic revenue has more than doubled in the last two years, according to the company.
Ingram Micro's Canal Digital Buy: Accelerating Latin America Growth Plan
Canal Digital was founded in 1999 and is headquartered in Bógota, Colombia. This acquisition will combine Canal Digital’s strengths with Ingram Micro’s financial solutions, marketing, sales and technical resources, as well as its growing portfolio of Advanced Solutions and services, according to the statement.
Canal Digital engages with more than 1,000 channel partners, according to the statement. The distributor has relationships with vendors including HP Inc. and Hewlett Packard Enterprise, as well as growing relationships with Aruba Networks and Dell-EMC.
Canal Digital’s leadership team, along with its employees, are slated to join Ingram Micro, according to the statement.
Ingram Micro Acquires Canal Digital: Executive Commentary
“Our acquisition of Canal Digital will be a significant marker in our strategic growth plan for the country, greatly expanding the breadth and depth of our reach,” explains Mejía. “This is yet another example of Ingram Micro’s commitment to help our channel partners and providers imagine what can be next for their business and anticipate the technology needs of SMBs throughout Colombia.”
“Our vision to be the best in specialized technology consultative sales, supporting partners in generating economic growth, while promoting the well-being of our workers and a sustainable environment is as true now, as it was when we launched the company,” says Andrés Martinez, commercial leader, Canal Digital. “We are proud to join Ingram Micro and further our mission of providing high value technology distribution services to more partners across the country and in Latin America. I’m thrilled to be able to provide our associates with more opportunities to grow and develop their career in IT distribution.”
