tech data synnex merger new name

Currently Tech Data is merging with Synnex in a technology distribution deal worth 72 billion. Locally the company will not be adopting the TD Synnex brand at least not yet.

Td Synnex Reports First Quarterly Earnings As A New Company Tampa Bay Business Journal

SNX a leading provider of distribution systems design and integration services for the technology industry today.

. The merger combined two of the worlds largest technology distribution companies. The combined Synnex-Tech Data merger is predicted to. In a 72 billion deal Synnex and Tech Data have officially merged to become TD Synnex.

The historic merger between Synnex and Tech Data is complete creating an entity called TD Synnex with a combined US598 billion in revenue but in the Asia Pacific and Japan region the organisation is not quite ready to go all in on the new name. IT distribution companies SYNNEX and Tech Data have announced they are to combine to create a 57 billion global powerhouse. It will also get the refinancing of existing Tech Data net debt and redeemable preferred shares of approximately 27 billion.

The distributor has entered into a definitive. Synnex is merging with Tech Data a previously publicly-traded competitor that was bought out by Apollo last year only to re-emerge from the private equity chop shop in this deal some nine months. And CLEARWATER Fla March 22 2021 PRNewswire -- SYNNEX Corporation NYSE.

The new name is TD SYNNEX led by Rich Hume as CEO. The resulting TD Synnex business now spans. The combined company will now be known as TD Synnex and led by Tech Data CEO Rich Hume.

FREMONT Calif June 30 2021 PRNewswire -- SYNNEX Corporation NYSE. The combined business led by CEO Rich Hume is now called TD Synnex. The new company will be led by Rich Hume.

Synnex and Tech Data as expected completed their merger today. In a transaction that has been valued at 72 billion the new entity will be 55 owned by SYNNEX shareholders and 45 owned by Apollo Funds the private equity firm that acquired Tech Data in. September 1 2021 Channel News Distribution giant Tech Data has been renamed as TD SYNNEX as its merger with US SYNNEX is completed.

SNX and Tech Data Corporation today announced the successful completion of their merger. Pete area has completed its 83 billion merger with Synnex Corp. FREMONT Calif June 30 2021 PRNewswire -- SYNNEX Corporation NYSE.

Currently Ingram Micro which is being acquired by Platinum Equity is the largest. SNX and Tech Data today announced they have entered into a definitive merger agreement under which. The historic Synnex-Tech Data merger which will create the worlds largest IT distributor- is set to be completed on or around Sept.

Clearwater-based technology distribution company Tech Data the largest company headquartered in the Tampa-St. Under the terms of the agreement Apollo Funds will get an aggregate of 44 million shares of Synnex common stock. 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.

By Joe Panettieri Aug 27 2021 Synnex and Tech Data expect to close their 72 billion distribution merger on or about September 1 Synnex says. Synnex-Tech Data Merger to Benefit Customers Synnexs Bob Stegner Back when the Synnex-Tech Data merger was announced Bob. Tech Data currently is owned by Apollo Global Management affiliates and its co-investors.

Ingram Micro the combined distributor will have a team of 22000 employees and an estimated 57 billion in pro forma revenues annually. It also offers a broad range of technical and business support services. Also former Synnex CEO Dennis Polk shifts to executive chair of board of directors.

1 after Synnex announced Friday it. Tech Data has continued to show its determination to become one of the largest names in global distribution through the move to merge with Synnex. Nearly 50 years after its founding the Largo technology distribution company on Wednesday completed its 83 billion merger with California tech company Synnex Corp creating what is now the.

Once the merger closes the combined company will be 55 percent owned by Synnex shareholders and 45 percent. In that role he provided dedicated global leadership for the companys overall strategy Innovation and Tech Datas most strategic next-generation technology business. 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.

Tech Data and Synnex finalise 72bn merger and reveals new name Combined company owned by Synnex shareholders and Apollo Global Management to provide best-in-class product offerings it claims Daniel Bennett. Sep 1 2021 821AM EDT RTTNews - SYNNEX Corporation SNX and Tech Data Corporation on Wednesday said they completed their merger to form TD SYNNEX SNX. The combined company will go by the name of TD Synnex and will be led by Tech Data CEO Rich Hume with former Synnex boss Dennis Polk becoming executive chairman of the board of directors.

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. The combined entity made up of Clearwater Fla-based Tech Data and Fremont Calif-based Synnex is worth. The combined company is now TD SYNNEX led by Rich Hume as CEO.

The duo announced the 72bn merger in March creating a 57bn-revenue distribution giant with 22000 employees. Dennis Polk CEO of Synnex will move to Executive Chair of the TD Synnex Board.

Maverick Owner Tech Data Completes Merger With Synnex