CCI approves acquisition of 100% shareholding of Ingram Micro by Imola Acquisition

CCI approves acquisition of 100% shareholding of Ingram Micro by Imola Acquisition
Ingram Micro is a US Headquartered IT company that specialises in technology distribution and logistics, cloud solutions, and e-commerce supply chain services.Devdiscourse News Desk | New Delhi | Updated: 10-05-2021 15:03 IST | Created: 10-05-2021 15:03 IST
Ingram Micro is a US Headquartered IT company that specialises in technology distribution and logistics, cloud solutions, and e-commerce supply chain services. Image Credit: Twitter(@PIB_India)
The Competition Commission of India (CCI) approves the proposed acquisition of 100% shareholding and sole control of Ingram Micro Inc. by Imola Acquisition Corporation.
The proposed combination concerns the proposed acquisition of 100% shareholding and sole control of Ingram Micro Inc. together with its parent companies (i) GCL Investment Management Inc. and GCL Investment Holding Inc. and (ii) its direct and indirect subsidiaries (collectively referred to as Ingram Micro).

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