![]() ![]() Founded in 1980, SYNNEX Corporation operates in numerous countries throughout North and South America, Asia-Pacific and EuropeĬheck Out The New Enterprisetalk Podcast. For more such updates follow us on Google News Enterprisetalk News. SYNNEX Corporation (NYSE: SNX) is a Fortune 200 corporation and a leading provider of a comprehensive range of distribution, systems design and integration services for the technology industry to a wide range of enterprises. The transaction remains subject to the satisfaction of regulatory approvals and customary closing conditions and is expected to close in the second half of calendar year 2021.Īlso Check: Introducing the TOUGHBOOK S1 Developed to deliver all the features you want, and all the rugged you need “We look forward to completing the remaining steps to close this transaction.”Īlso Read: Six Ways IT can Balance the Equation of Innovation and OperationĪpproval by SYNNEX stockholders is a condition to the closing of the merger. “We would like to thank our shareholders for their full support of this merger,” said Dennis Polk, CEO of SYNNEX. “We are energized by the enhanced breadth and depth of our offerings and the opportunities ahead of us to deliver superior value to our stakeholders.SYNNEX Corporation (NYSE: 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 with Tech Data. Announced in March, the deal was valued at approximately 7.2 billion (£5.2 billion) in estimated pro forma annual revenues. “We are pleased to have completed the merger and are focused on integrating our businesses,” said Dennis Polk, TD SYNNEX executive chair of the board of directors. Synnex and Tech Data have announced the completion of their merger, with the new combined business to operate as TD Synnex. As part of the merger, Hume underscored TD SYNNEX’s commitment to being a good corporate citizen and the employer of choice in the global IT industry. TD SYNNEX provides the ability to accelerate technology adoption, diversify revenue streams, create cross-selling opportunities and more. It’s an honor to lead TD SYNNEX with a talented team of 22,000 co-workers worldwide.”Ĭustomers and vendors will have access to a global distribution platform with product offerings in some of the largest product segments. “As a versatile distributor and solutions aggregator for the IT ecosystem, we’re strengthening our entire portfolio of solutions and raising the bar on the value we deliver to customers and vendors with exceptional reach, efficiency and expertise. “TD SYNNEX is uniquely positioned in today’s relentlessly transforming technology ecosystem,” said Rich Hume, TD SYNNEX CEO. Dennis Polk, the former CEO of SYNNEX, is executive chair of the TD SYNNEX board of directors. The combined company is now TD SYNNEX, led by Rich Hume as CEO. We’re an innovative partner that helps our customers. ![]() ![]() We’re 22,000 of the IT industry’s best and brightest, who share an unwavering passion for bringing compelling technology products, services, and solutions to the world. SYNNEX Corporation and Tech Data Corporation announced the successful completion of their merger. We’re TD SYNNEX (NYSE: SNX), a leading IT distributor and solutions aggregator for the IT ecosystem. ![]() SeptemDS Digital Signage, ProAV News, rAVe, RTA, UCC , ![]()
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