Aptec Holdings Ltd signed a share sale agreement to acquire 57.94% stake in Armada Bilgisayar Sistemleri Sanayi ve Ticaret AS (IBSE: ARMDA) from Mustafa Sulhi Guven, Ahmet Ziyaeddin Turkes, Alvi Mazon, Ahmet Umur Serter and Fatma Ece Serter for $24.3 million on October 15, 2014. The transaction is subject to regulatory approval including Turkish competition board. Ingram Micro will indirectly control Armada Bilgisayar Sistemleri Sanayi ve Ticaret AS when the deal is completed. As of nNovember 1, 2014, the acquisition was approbed by the Turkish Competition Board.

Caner Elmas, Sertac Kokenek, Muhsin Keskin and Birturk Aydin of Esin Attorney Partnership and Sunny Mann, Gordon Low, Maria Boccardo, Tracey Akerman and Raoul Parekh of Baker & Mckenzie LLP, London acted as legal advisor and Raiffeisen Investment Turkey acted as financial advisor for Aptec Holdings Ltd.


Aptec Holdings Ltd completed the acquisition of 57.94% stake in Armada Bilgisayar Sistemleri Sanayi ve Ticaret AS (IBSE: ARMDA) from Mustafa Sulhi Guven, Ahmet Ziyaeddin Turkes, Alvi Mazon, Ahmet Umur Serter and Fatma Ece Serter on December 1, 2014.