Westcon-Comstor Announces the Intended Sale of Its Americas Business and a Minority Investment in Its International Business ...
06 June 2017 - 3:48PM
Westcon-Comstor announced today that its parent company, Datatec
Limited, has entered into a definitive agreement to sell its North
America and Latin America distribution business (“Americas”) to
SYNNEX, a Fremont, California-based company, as well as a minority
equity share in its “International” operations: comprised of
Europe, Middle East and Africa (EMEA) and Asia-Pacific (APAC). In
addition, Datatec will acquire a minority equity share in SYNNEX.
The companies will operate under a single go-to-market
structure, ensuring that vendor partners and solution providers
receive the same levels of service with no disruptions. The
agreement also allows Westcon-Comstor International to better align
its regional resources and seek new opportunities for growth.
Both SYNNEX and Datatec will have shareholder interest in the
Westcon-Comstor Americas and the Westcon-Comstor International
businesses as well as representation on each other’s board of
directors, ensuring strategic and operational alignment.
“Our customers gain access to complementary technology solutions
and business services that open up new opportunities to accelerate
growth,” Dolph Westerbos, CEO of Westcon-Comstor, said. “SYNNEX is
an undisputed leader in IT distribution, particularly in North
America. Their breadth of customers and technology solutions will
be a tremendous benefit to our portfolio. This transaction not only
brings together two complementary businesses, but also two similar
cultures around employee and customer success.”
Both entities expect to benefit from Westcon-Comstor’s recent
completion of its global business transformation: an SAP
implementation and business process outsourcing across five
continents, intended to deliver consistent and improved customer
services while generating significant efficiencies.
“Westcon-Comstor has developed a successful business around the
world with a very deep and talented team. We are excited to welcome
the Americas organization to the SYNNEX family and look forward to
leveraging their global expertise to serve our customers in new and
innovative ways,” said Kevin Murai, President and CEO of
SYNNEX.
The transaction is expected to close in the third calendar
quarter of 2017, subject to the satisfaction of regulatory
requirements and customary closing conditions. Until the
transaction is completed, the companies will continue to operate
independently.
About SYNNEX CorporationSYNNEX Corporation
(NYSE:SNX) is a Fortune 500 corporation and a leading business
process services company, providing a comprehensive range of
distribution, logistics and integration services for the technology
industry and providing outsourced services focused on customer
engagement strategy to a broad range of enterprises. SYNNEX
distributes a broad range of information technology systems and
products, and also provides systems design and integration
solutions. Concentrix, a wholly-owned subsidiary of SYNNEX
Corporation, offers a portfolio of strategic solutions and
end-to-end business services around customer engagement strategy,
process optimization, technology innovation, front and back-office
automation and business transformation to clients in ten identified
industry verticals. Founded in 1980, SYNNEX Corporation operates in
numerous countries throughout North and South America, Asia-Pacific
and Europe. Additional information about SYNNEX may be found
online at www.synnex.com.
About Datatec Ltd.Datatec Ltd. (JSE/AIM:DTC) is
a global ICT solutions and services group with revenues of over US$
6 billion, more than 8,000 employees worldwide and operations in
over 70 countries across North America, Latin America, Europe,
Africa, Middle East and Asia-Pacific. Through three core operating
divisions, the Group offers Technology Distribution
(Westcon-Comstor), Integration and Managed Services (Logicalis) and
Consulting and Research (Analysys Mason and Mason Advisory).
Datatec’s shares are listed on the Johannesburg Stock Exchange
and it has a secondary listing on AIM in London.
About Westcon-Comstor Westcon-Comstor
(WestconGroup Inc.) is a value-added technology distributor of
category-leading solutions in Security, Collaboration, Networking
and Data Center. Westcon-Comstor is transforming the technology
supply chain through its global capabilities in Cloud, Services and
Global Deployment. It has teams in 70-plus countries, combining
expert technical and market knowledge with industry-leading partner
enablement programs. Collaborating with its partners in a unique
engagement model, Westcon-Comstor strives to deliver an exceptional
partner experience to deliver results together. The company goes to
market under the Westcon and Comstor brands.
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FOR MORE INFORMATION, CONTACT:
Kimberly Schade
Director, Corporate Communications
kimberly.schade@westcongroup.com
+1 914 829 7540
Scott Campbell
CommCentric (for Westcon-Comstor)
scampbell@commcentric.com
+1 631-648-3645
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