Sale allows Ingram Micro to increase focus on growth of core technology and cloud businesses
LOS ANGELES (April 4, 2022) – Platinum Equity confirmed today that the main closing of the sale of most of portfolio company Ingram Micro’s Commerce & Lifecycle Services Business (“CLS”) to CMA CGM Group has been completed. The transaction was valued at approximately $3 billion.
The main closing involved the divestiture of CLS operations in Europe, Canada, U.S., Peru, Colombia, Chile, and Argentina. The deferred closing regarding the remaining operations in Asia Pacific, Mexico and Costa Rica is expected to take place before the end of the first half of 2022, subject to customary regulatory approvals.