tech data synnex merger

The combined company is now TD SYN. The distributor has entered into a definitive 72bn merger agreement with Synnex that will create a combined operation with revenues in the region of 57bn and a headcount of around 22000 staff.

Synnex To Combine With Tech Data Creating A Leading Global It Distributor Tech Data

TD Synnex must remain partner focused while integrating staff technologies business processes and partner program strategies.

. Clearwater-based technology distribution company Tech Data the largest company headquartered in the Tampa-St. Founded in 1980 Synnex distributes more than 30000 technology products from more than 500 manufacturers. SNX and IT distribution company Tech Data owned by funds affiliated to Apollo Global Management Inc NYSE.

The two channel players entered into a definitive 72bn merger agreement back in March that will create a combined operation with revenues in the region of 57bn and a headcount of around 22000. SNX and Tech Data agreed to merge in a transaction valued at about 72 billion including net debt the companies said in a statementIn Monday pre-market trade SNX. Currently Tech Data is merging with Synnex in a technology distribution deal worth 72 billion.

IT solutions firm Synnex Corp NYSE. Synnex Tech Data Complete Merger. The terms of this deal are that Synnex will pay Tech Data ie.

Ingram Micro the combined distributor will have a team of 22000 employees and an estimated 57 billion in pro forma revenues annually. TD SYNNEX will serve more than 100 countries in the Americas Europe and Asia-Pacific with a comprehensive portfolio of high value products and service offerings SYNNEX Corporation NYSE. More than 20000 channel partners tap Synnex to provide offerings to SMBs and tech-savvy consumers in North America and Japan.

It will serve businesses in more than 100 countries across the Americas Europe and Asia Pacific. SYNNEX Corporation NYSE. SNX and Tech Data Corporation today announced the successful completion of their merger.

Synnex and Tech Data expect to close their 72 billion distribution merger on or about September 1 Synnex says. Apollo Global its owner 44M in shares and 161B in cash. The Tech Data-Synnex merger would combine two distinct distribution business models.

September 1 2021. APO inked a merger agreement to combine under a. Private equity firm Apollo Global Management will own roughly 45 percent of the combined business which blends traditional technology distribution with cloud marketplaces for channel partners.

Pete area has completed its 83 billion merger with Synnex Corp. The combined entity made up of Clearwater Fla-based Tech Data and Fremont Calif-based Synnex is worth. The combined Synnex-Tech Data merger is predicted to generate 200 million in synergy benefits two years from now.

SNX and Tech Data Corporation today announced the successful completion of their merger. IT solutions firm Synnex Corp said on Monday that it will merge with peer Tech Data owned by funds affiliated to Apollo Global Management in a. SNX and Tech Data today announced they have entered into a definitive merger agreement under which SYNNEX and Tech Data will combine.

FREMONT Calif June 30 2021 PRNewswire -- SYNNEX Corporation NYSE. Has agreed to acquire Clearwater-based Tech Data in a deal valued at more than 7 billion. SNX a leading provider of distribution systems design and integration services for the technology industry today announced that based on the voting results from its special meeting held today SYNNEX stockholders have approved the previously announced merger agreement.

The combined business led by CEO Rich Hume is now called TD Synnex. The combined company will be a 57 billion distribution giant leaving 40 billion Ingram Micro in the dust. Establishes Premier Growth Platform with Best-in-Class Capabilities and Offerings 25 Accretive to SYNNEX Non-GAAP Diluted EPS in First Year Conference Call Today at 530 AM PT830 AM ET SYNNEX Corporation NYSE.

In a 72 billion deal Synnex and Tech Data have officially merged to become TD Synnex. The planned Tech Data Synnex merger creates the worlds largest distributor as the latter buys the former for 72 billion. Synnex To Merge With Tech Data In 72B Deal.

Apollo Global will invest 500M in Tech Data prior to the close of the. SNX and IT distribution company Tech Data owned by funds affiliated to Apollo Global Management Inc NYSE. RTTNews - Synnex Corp.

The new company will be led by Rich Hume as CEO. Synnex and Tech Data as expected completed their merger today. RTTNews - SYNNEX Corporation SNX and Tech Data Corporation on Wednesday said they completed their merger to form TD SYNNEX SNX.

IT solutions firm Synnex Corp NYSE. Synnex and Tech Data have officially merged to create a 598 billion entity called TD Synnex knocking Ingram Micro out of the top spot. The combined company is now TD SYNNEX led by Rich Hume as CEO.

By Joe Panettieri Aug 27 2021.

Synnex Announces Merger With Florida Based Tech Data