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Synnex and Tech Data complete £5.2 billion merger

The new company will operate as TD Synnex under the leadership of former Tech Data CEO Rich Hume

Synnex homepage on a smartphone

Synnex and Tech Data have announced the completion of their merger, with the new combined business to operate as TD Synnex.

Announced in March, the deal was valued at approximately $7.2 billion (£5.2 billion) in estimated pro forma annual revenues.

The global distributor and IT solutions aggregator will serve more than 100 countries across the Americas, Europe, and Asia-Pacific with its portfolio of IT products and service offerings.

TD Synnex will be led by Rich Hume as CEO, who had led Tech Data since 2018, while former Synnex CEO Dennis Polk takes the position of Executive Chair of the firm’s Board of Directors.

“TD Synnex is uniquely positioned in today’s relentlessly transforming technology ecosystem,” Hume commented. “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.”

As a result, customers will now have “unparalleled access” to a global distribution platform with best-in-class solutions that cover some of the largest and most profitable product segments, the firm said.

Hume also underscored TD Synnex’ commitment to be a good corporate citizen and “the employer of choice in the global IT industry”.

“Just as TD Synnex plays a vital role helping transform the technology landscape, we have an equally important responsibility to have a positive impact on the world,” he explained.

“Our focus on corporate social responsibility embodies our commitment to make the world a better place, both today and into the future.”

Headquartered in Clearwater, Florida, and Fremont, California, the freshly merged TD Synnex will serve more than 150,000 in over 100 countries. The company says its 22,000 co-workers are dedicated to uniting compelling IT products, services and solutions from more than 1,500 top tech vendors.

“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.

“We are energised by the enhanced breadth and depth of our offerings and the opportunities ahead of us to deliver superior value to our stakeholders.”

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