The Competition Commission has approved MB Technologies' acquisition of the 50% shareholding held by Ingram Micro in Ingram Micro South Africa, paving the way for the rebranding of the distributor as Platinum Micro.
And, as reported exclusively on IT-Online on Tuesday, MB Tech has also officially confirmed that Ingram SA CEO, Hansie Fourie, has tendered his resignation.
MB Technologies group CEO Glenn Fullerton says that while the future of the company and its employees is secure, board executives will decide on its precise role within he group in the coming weeks.
"We have the use of the Ingram Micro brand until the end of September, but with the Competition Commission's approval we can now move ahead with the rebranding of the company as Platinum Micro," Fullerton says. "The reason for the new name is our link with Royal Bafokeng Holdings, so there is some nice continuity with our majority shareholder and competing independently."
Fullerton says that Fourie will remain with the company until the end of September to ensure a smooth transition phase and handover to his successor who is yet to be named.
"Hansie has been a fantastic asset for us in building Ingram Micro SA from zero to the dominant position it now holds in the market," Fullerton says. "He has built up an extremely competent team within the company and now feels it is time to move on and build another company."
Fourie says that the current developments mark a new phase in the evolution of the company.
"I would like to see the business go to even greater heights," Fourie says. "And in the coming weeks we will plan the way forward – do we want to build another volume distributor or do we want to remain focused? These are some of the decisions we have to make."
Fourie says that while Ingram SA may have lost the Intel distribution due to consolidation of the chip manufacturer's channel, he is confident other vendors will continue to support the distributor.
"We have built the company so successfully over the past two years that all our vendors are happy" he says. "We have taken the majority of them to either the number one or two position in the local market, so we have their full support.
I don't foresee any problems in this regard in the future."