Ingram Micro Buys Grupo ACAO

Irvine-based Ingram Micro announced Tuesday that it has acquired Grupo ACAO, a Latin American value-added distributor. Financial details of the buy were not disclosed. Grupo ACAO is based in Sao Paulo, Brazil, and carries products from IBM, Oracle, Red Hat, EMC and VMware. The company serves Brazil, Colombia, Argentina, Chile, Peru, Uruguay and Ecuador. Ingra Micro said the acquisition will contribute more than $300M in annual revenues to the company.