KUALA LUMPUR, Sept 1 -- Tech Data has announced the signing of a definitive agreement to acquire Innovix Distribution, a leading technology distributor.
The agreement will enable the growth of Tech Data’s presence across the Asia Pacific region and strengthen its end-to-end solutions capabilities.
The acquisition is subject to customary closing conditions and expected to close during the third quarter of Tech Data’s fiscal year 2021.
The addition of Innovix will accelerate Tech Data’s growth in next-generation technologies, including within cloud and security, as well as endpoint offerings across the region, according to a statement.
Additionally, the acquisition will expand Tech Data’s business in key geographies, including Hong Kong, Malaysia and Singapore.
“Innovix is a leading regional IT distributor with an expansive range of IT products, solutions and services that will enhance our vendor portfolio, increase our customer base and strengthen our end-to-end solutions capabilities,” said Tech Data (Asia Pacific) president, Jaideep Malhotra.
Tech Data is ranked 90 on the Fortune 500® and has been named one of Fortune’s World’s Most Admired Companies for 11 straight years.
For details, visit www.techdata.com
-- BERNAMA
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