Ingram Micro bought the European division from the RRC Group

The Russian IT-distributor of RRC Group recently left Europe - the company abandoned a unit in Eastern Europe, which the Ingram Micro distributor swallowed. Among the main tasks of the RRC Group is the implementation of corporate data storage and transmission systems, as well as other information security solutions.

The amount of the transaction between the RRC Group and Ingram Micro is not disclosed. The company RRC was created in Russia in 1992, and in 1998 the first office in Warsaw appeared, after which the output took place in the market of other countries of Eastern Europe and the CIS. In 2014, about 51% of the company's revenue came from the Russian market, while 45% came from the European market, and 2% from Kazakhstan and Ukraine, respectively. In 2015, the situation is similar - almost 45% of the income from $ 590 million fell on the European division, as reported by Vedomosti, the founder and shareholder of RRC Group Konstantin Sidorov.
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“With the capitalization of Ingram Micro, which is 5.6 annual EBITDA (Earnings before interest, taxes, depreciation and amortization) of the RRC Group, the amount of the transaction could be about $ 50 million,” says Raiffeisenbank analyst Sergey Libin.

For Ingram Micro, this deal provides an excellent opportunity to strengthen its position in Poland, Hungary, Serbia, the Czech Republic, Romania, Croatia, Slovenia, Macedonia and Albania. According to preliminary estimates, the RRC Group takeover will bring about $ 250 million in additional revenue in the coming year. Of course, in comparison with the income of Ingram Micro, these figures are too insignificant - only in 2014 the company earned $ 46.48 billion with a net profit of $ 266.7 million.

Most of the funds that the RRC Group received from the transaction will be spent on business development in Russia and the CIS countries. In addition to IT equipment, the company will begin to distribute cloud software from Microsoft, IBM and Cisco, and Ingram Micro will act as a strategic partner.

Previously, Ingram Micro has already absorbed domestic companies - in December 2015, the company bought Odin Service Automation's business unit from Parallels.