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US IT products distributor Ingram Micro has reached a definitive agreement to acquire Brazil's Grupo Ação, a distributor of hardware products from brands such as IBM, Oracle, Red Hat, EMC, HP and VMware.
The transaction is subject to customary regulatory and other closing conditions, and is expected to be completed in the fourth quarter. The amount involved was not disclosed by the parties.
Founded in 1987 and headquartered in São Paulo, Ação is one of the leading value-added distributors in Latin America. It has operations in Colombia, Argentina, Chile, Peru, Uruguay and Ecuador under the Aktio brand.