In turn, Datatec will acquire a minority equity share in SYNNEX.
The two tech distributors will operate under a single go-to-market structure, and say that vendor partners and solution providers receive the same levels of service with no disruptions.
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,” said Dolph Westerbos, CEO of Westcon-Comstor. “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 quarter.