Filing Status: New filing
Acquirer: Tianjin Tianhai Investment Company, Ltd., an Chinese company
Acquired U.S. Business: Ingram Micro Inc.
Deal Value: $6 billion
Industry(ies): Logistic services and Distribution of IT solutions
According to a press release issued by Ingram Micro Inc. on July 21, 2016, the parties have consulted with the Committee on Foreign Investment in the United States (CFIUS) and, following the consultation, “have elected to submit a joint voluntary notice to the Committee, which will be filed in due course.” The parties are expecting to close in the second half of 2016.
Initially, Tianjin Tianhai and Ingram Micro opted not to make the voluntary CFIUS filing, stating that they considered the distribution services offered by Ingram Micro to be outside the scope of national security concerns covered by CFIUS. Although the parties initially took this approach, news reports speculated that a filing would ultimately be required as Ingram has some government contracts or Ingram distributes IT security and encryption solutions.