The 2020 Mid-Year Economic Update_long

Ingram Micro Acquires The Phoenix Group

The acquisition brings together The Phoenix Groups electronic payments expertise with Ingram Micros global scale.

Wholesale technology distributor Ingram Micro Inc. (NYSE: IM), Santa Ana, CA, has acquired The Phoenix Group, a specialty distributor of point-of-sale technology for the U.S. and Canadian electronic payments market. Terms of the acquisition were not disclosed.

The acquisition brings together The Phoenix Group’s electronic payments expertise with Ingram Micro’s global scale.

“This acquisition increases our capabilities and market share in the fast-growing, high-value electronic payments space,” said Jeff Yelton, vice president and general manager of Advanced Solutions, Ingram Micro. “The Phoenix Group has earned all major network, PCI and P2PE certifications, which opens up new opportunities for Ingram Micro’s customers to grow their businesses in the POS market."

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