Ingram completes Tech Pac buyout

Ingram completes Tech Pac buyout

Ingram Micro has completed its $700 million acquisition of Tech Pacific but will not be ready to trade as a single organisation by January 1 as first planned. The deal was concluded when generally accepted accounting principles were filed in the US.

The man responsible for integrating the two companies, Shailendra Gupta, said appointing country managers would be the next step. He confirmed that the current managing director of each organisation in Australia, Steve Rust and Kerry Baillie, were the only two candidates.

Once that appointment has been announced, the new boss will be tasked with selecting departmental heads such as finance, operations, and sales and marketing. This is expected to be finalised before the end of November.

With these roles currently held in both organisations, there will have to be some reshuffling. But Gupta said Ingram would strive to keep the top performers from both sides.

"We will try to accommodate the best because it isn't easy to recruit good people these days," he said. "Our objective will be to retain as many people as possible.

"There will be some savings here and there from the removal of duplication but we are looking at this as a growth opportunity."

Finalising the legalities of the merger meant the new look Ingram Micro would not be ready to trade as a single organisation by the start of its new financial year on January 1, Gupta said. It was difficult to say how long that would take, he added.

Another matter the new country manager will have to address is deciding which facilities to keep. It is expected to take at least 18 months for the companies to merge back-end systems.

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