Platinum Equity, a private equity firm, completed the acquisition of Ingram Micro, a company that distributes information technology products, from HNA Technology, a company offering marine shipping services, for $7.2bn. "Teaming with Platinum provides an opportunity to further strengthen our competitive advantage in the cloud, speed our digital transformation and accelerate the expansion of our solutions and services portfolio, particularly for high value markets. We will also be able to broaden our geographic reach even faster, while penetrating new industries and verticals. We will maintain a strong balance sheet and will gain additional flexibility and resources to execute on our long-term strategic objectives. HNA has been a good partner for Ingram Micro, enabling us to continue to innovate and expand our global businesses. We look forward to the opportunity to accelerate this trajectory with Platinum," Alain Monié, Ingram Micro CEO.