MiTAC trumpets US$7.2bn Synnex-Tech Data mergerMASSIVE FOOTPRINT: If the plan is approved, Tech Data and Synnex are expected to create the world’s largest IT distributor, serving more than 100 countriesStaff writer, with CNAMiTAC Holdings Corp (神達控股) yesterday announced a US$7.2 billion merger between its investment company, Synnex Corp, and information technology distributor Tech Data, which would create a world-leading information technology (IT) distributor if approved. Synnex and Tech Data, both based in the US, have entered into a definitive merger agreement, under which the two companies would combine in a transaction valued at about US$7.2 billion, including net debt, Taoyuan-based MiTAC said. The MiTAC Holdings Corp logo is seen in the company’s office in Taipei on Jan. 18, 2018. The company announced yesterday a US$7.2 billion merger between its investment company, Synnex Corp, and IT distributor Tech Data, which if approved will create a world-leading IT distributor. Synnex president and chief executive officer Dennis Polk said the company is excited to partner with a world-class industry leader such as Tech Data and believes that the move would benefit all stakeholders.

Source: Taipei Times March 23, 2021 15:56 UTC