Lastly, both SYNNEX and Tech Data share strong, values-driven cultures, which we expect to build upon as a joint company of over 22,000 talented associates. Third, we can further expand our offering and provide you a bigger and more robust portfolio of products, solutions, and services. Second, given the complementary geographic footprints between us and Tech Data, we immediately gain a truly global presence with which to better serve you when your customers are local, regional, or worldwide. As a joint company with unparalleled scale, we will be able to provide increased value to your organization, as well as access to a larger network of vendors, products, and geographies.Īs with all our prior M&A transactions, we have looked for a partner that is the right fit for our company, and we believe that the combination with Tech Data is compelling for several reasons.įirst, we will be able to accelerate our growth trajectory beyond what we could have done by making several smaller acquisitions over a longer time. This combination will enable us to further accelerate the pace of investments and innovation to address your future needs. To that end, we believe that now is the right time to partner with Tech Data and position our combined company for future growth. SYNNEX CEO Dennis Polk sent a note out this morning:Īs you know, the pace of change within our industry has been accelerating for quite some time, and requires consistently higher levels of innovation, investment, and scale. All the finance/business nerd stuff is in the official press release, including the money guys behind the tie-up.
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