tech data synnex new name

Tech Data Corporation commonly referred to as Tech Data is an American multinational distribution company specializing in IT products and services headquartered in Clearwater Florida as of 2021. Global distributor of technology products services and solutions.

Synnex Announces Merger With Florida Based Tech Data

The company name change follows the September 2021 merger of SYNNEX Corporation and Tech Data.

. Tech Data had been a Fortune 100 company before selling for 6 billion to New York private equity firm Apollo Global Management. The combined Synnex-Tech Data merger is predicted to. 01 September 2021 1 min read.

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. RTTNews - SYNNEX Corporation SNX and Tech Data Corporation on Wednesday said they completed their merger to form TD SYNNEX SNX. 22 Mar 2021 1426.

SNX and Tech Data Corporation today announced the successful completion of their merger. Ingram Micro the combined distributor will have a team of 22000 employees and an estimated 57 billion in pro forma revenues annually. The new company will be led by Rich Hume as CEO.

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. Clearwater-based technology distribution company Tech Data the largest company headquartered in the Tampa-St. FREMONT CA and CLEARWATER FL March 22 2021 SYNNEX Corporation NYSE.

And Tech Data which is wholly owned by funds managed by affiliates of Apollo Global Management Inc announced a merger agreement valued at approximately 72 billion including net debt. Currently Tech Data is merging with Synnex in a technology distribution deal worth 72 billion. Has agreed to acquire Clearwater-based Tech Data in a deal valued at more than 7 billion.

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. The combined company is now TD SYN. Once the merger closes the combined company will be 55 percent owned by Synnex shareholders and 45 percent owned by Apollo Global management which bought Tech Data for 54 billion in June 2020.

And CLEARWATER FlaSYNNEX Corp. Tech Data CEO Rich Hume will retain his position at the combined company while SYNNEX chief exec Dennis Polk will take the position. Conference Call Today at 530 AM PT830 AM ET.

CLEARWATER Fla--BUSINESS WIRE-- SYNNEX Corporation NYSE. SNX and Tech Data today announced they have entered into a definitive merger agreement under which SYNNEX and Tech Data will combine in a transaction valued at approximately 72 billion including net debt. The combined company is now TD SYNNEX led by Rich Hume as CEO.

Synnex and Tech Data have completed a blockbuster 72bn merger which will see the joint company become the industrys largest distributor. There are shareholder lawsuits included in the 2021 merger filing lambasting Synnex for paying 72B or 12B more than Apollo paid a year ago based on Synnexs pre-deal share price of 1032. 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.

Becomes Tech Data a TD Synnex company in. And CLEARWATER Fla March 22 2021 PRNewswire -- SYNNEX Corporation NYSE. SYNNEX Japan Corporation Head Office.

Dennis Polk formerly the CEO of SYNNEX is Executive Chair of the TD SYNNEX Board of Directors. 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. The 72 billion merger of publicly traded Synnex and private equity owned Tech Data which was first unveiled on March 22- will be 55 percent owned by Synnex shareholders and 45 percent owned.

Distribution giant Tech Data has been renamed as TD SYNNEX as its merger with US SYNNEX is completed. Pete area has completed its 83 billion merger with Synnex Corp. By Joe Panettieri Aug 27 2021.

The duo announced the 72bn merger in March creating a 57bn-revenue distribution giant with 22000 employees. The company name change follows the September 2021 merger of SYNNEX Corporation and Tech Data. SYNNEX Corporation NYSE.

Currently Tech Data is merging with Synnex in a technology distribution deal worth 72 billion. The combined company with approximately 57 billion in estimated pro forma annual revenues and a team. The combined company will now be known as TD Synnex and.

SNX and Tech Data today announced they have entered. Synnex and Tech Data expect to close their 72 billion distribution merger on or about September 1 Synnex says. SNX and Tech Data Corporation today announced the successful completion of their merger.

Hereinafter SYNNEX Japan has as of January 1 2022 changed its company name to TD SYNNEX Kabushiki Kaisha hereinafter TD SYNNEX KK. TD SYNNEX which will be led by Tech Datas Rich Hume as CEO. It also offers a broad range of technical and business support services.

Synnex and Tech Data finalize merger to become TD Synnex Source. Tech Data will reward 500 for the. Unsplash In a 72 billion deal Synnex and Tech Data have officially merged to become TD Synnex.

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