![]() ![]() If you have any questions, please don’t hesitate to reach out to your SYNNEX contact or any member of our leadership team. We view this as an investment in our ability to enhance our partnership with you and to continue to provide the solutions and services that help you grow your business. We will soon be reaching out to you to discuss the benefits of this transaction. Rest assured that we have a plan for a seamless integration of the two companies in place, and both teams have deep experience in this area. We will continue to provide the excellent service that you have become accustomed to and please know that the team supporting you today will remain the same. We expect the transaction to close in the second half of 2021, subject to customary regulatory reviews and approval by our shareholders. ![]() In the meantime, until transaction close, Tech Data and SYNNEX remain separate companies and you can expect everything to remain “business as usual”. Through your partnership we have grown to where we are today, and I am very excited for what lies ahead. We greatly appreciate your business and the longstanding relationship that we have had with your firm over the years. I look forward to working alongside Rich going forward. I will be the Executive Chair of the Board of Directors, with an active role in the ongoing strategy, integration, and Hyve business, among other responsibilities. I can also share with you that Rich Hume, CEO of Tech Data will be the CEO of the combined company. We believe this transaction will allow us to provide you with more solutions and capabilities as we look to make increased investments in high-value areas of growth like Hybrid Cloud, Security and Everything as a Service. ![]() 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. First, we will be able to accelerate our growth trajectory beyond what we could have done by making several smaller acquisitions over a longer time. 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. 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. Together, SYNNEX and Tech Data will be a global industry leader in the technology distribution space.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. I am excited to share with you that this morning we announced a definitive agreement to merge with Tech Data. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |