Ingram Micro, a leading technology distributors and supply-chain service provider, has completed the acquisition of the business assets of Arabian Applied Technology, the largest value-added technology distributor in Saudi Arabia.

The business will operate as Aptec Saudi Arabia and is a part of Ingram Micro's Meta region (Middle East, Turkey and Africa) led by Dr Ali Baghdadi, president of Ingram Micro in Meta, said a statement.

The Saudi Arabia operation is expected to contribute annual revenue of approximately $200 million and be modestly accretive to Ingram Micro's earnings this year, it said.

Aptec Saudi Arabia will offer a robust enterprise solutions portfolio with products and solutions covering data centre, storage, security, networking and software categories including technical services.

Its staff have vast channel development experience in the SMB market, credit services, training and other professional offerings.

Aptec Saudi Arabia will carry on the collaborative culture and long-lasting customer and vendor relationships under the experienced management team.

Alain Monié, Ingram Micro chief executive officer, said: ”The acquisition of the business of Arabian Applied Technology in Saudi Arabia, is another excellent addition to Ingram Micro's expanding presence in the rapidly growing and higher value Middle East market.

"Aptec Saudi Arabia will continue the leading operations as a Value Added Distributor, and under Ingram Micro's leadership, the company will be able to provide an even greater breadth of services and solutions to its partners and customers to help them realise the promise of technology across multiple technology segments including advanced solutions, mobility, cloud, professional services, training and supply chain." - TradeArabia News Service