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Distributor News

China to Nationalise Ingram Micro Owner?

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China to Nationalise Ingram Micro Owner?

In an effort to contain "deepening economic damage" from the coronavirus the Chinese government plans to take control of the HNA Group, the parent company of distributor Ingram Micro, Bloomberg reports.

While the Ingram business remains profitable, the same cannot be said about other HNA assets. After all, HNA Group is a massive conglomerate spanning aviation, real estate, tourism, logistics, construction, marine transport and technology. It is also currently saddled with debt worth no less than $69 billion, at least according to Bloomberg. Thus the reports the Chinese government might simply take the company over and sell off the airline assets in order to meet "financial obligations."

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Tech Data Ups Value to $6 Billion!

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Tech Data Ups Value to $6 Billion!

Tech Data announces an "amendment" to the acquisition deal with Apollo Funds-- the asking price is now worth $6 billion, following the making of a late bid by an unnamed potential buyer.

The previous acquisition deal, announced last month, put the value of Tech Data at $130 per share, or approximately $5.4bn. Now the worth of Tech Data is at $145 per share in cash. As part of the deal agreement, Tech Data says it will also continue to solicit alternative acquisition proposals from 3rd parties during a "go-shop" period until 9 December.

In further Tech Data news, the distributor reports a "solid" fiscal Q3 2020, even if global sales are down by -2% Y-o-Y to $9.12 billion. European sales see a further decline of -6% Y-o-Y to $4.6bn, and overall global profits for the quarter total $310 million.

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Private Equity Acquires Tech Data

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Private Equity Acquires Tech Data

Tech Data confirms recent rumours by announcing its acquisition by the Apollo Funds, an affiliate of funds managed by private equity firm Apollo Global Management. The price? Approximately $5.4 billion.

“Over our 45-year history, Tech Data has grown to become one of the largest and most respected technology distributors in the world. This agreement reflects the significant progress we have made in our strategy of delivering higher value and positions us for continued growth and success,” Tech Data CEO Rich Hume says. “This investment by funds managed by one of the world’s leading global alternative investment managers will afford us additional resources to accelerate our ability to bring to market the technology products and solutions the world needs to connect, grow and advance. The transaction will enable us to build on our success, making Tech Data a growth platform and enabling us to further differentiate and expand our end-to-end solutions and provide our channel partners with unparalleled reach, efficiency and expertise.”

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Private Equity Eyes Tech Data?

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Private Equity Eyes Tech Data?

Private equity firm Apollo Global Management has plans to acquire solution provider Tech Data, Reuters report, with an offer "people familiar with the matter" claim is worth around $5 billion.

The move from Apollo comes as Tech Data stock is at an all-time highs, amid investor optimism demand from SMBs for Tech Data products will remain strong despite concerns of a cooling US economy. Reuters says Apollo has offered $130 per share in cash for Tech Data, making a sum covering both Tech Data's current market capitalisation and $1.3bn in debt. However, there is no certainty Tech Data will engage in negotiations, never mind any deal taking place.

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Reseller Park Gets Bigger at IFA 2019

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Reseller Park Gets Bigger at IFA 2019

Global Fairs announces 2019 is the biggest year yet for the Reseller Park as it takes over the entirety of Hall 11.1, allowing for more exhibitors and square metres than ever before.

The 2019 edition of the Reseller Park hosts over 70 exhibitors across a broad range of consumer technologies. Exhibitors get a business platform complete with hospitality area for business networking and aggressive international and German campaigns to alert trade visitors, while buyers get to check out the latest innovations. Exhibitors gather in specific "clusters," such as mobile communications and consumer IT.

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ALSO Buys Largest Bulgarian Distributor

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ALSO Buys Largest Bulgarian Distributor

ALSO expands further into CEE with the acquisition of Solytron Bulgaria, the largest distributor in the country with sales of €110 million and market share reaching over 30%.

Founded in Sofia in 1991, Solytron trebled sales revenues between 2011-2018. It currently employs around 120 people, and sells solutions and products ranging from smartphones to servers from over 50 manufacturers. It also offers services such as solution advice, training and qualification programs, and provides logistics services to end customers.

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Bechtle Launches Own Accessory Brand

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Bechtle Launches Own Accessory Brand

German reseller giant Bechtle launches an own accessories brand-- Articona, offering a portfolio of 1400 accessories and connectivity products, available directly via Bechtle, as well as the Bechtle and ARP online platforms.

Articona is to offer a wide range of products, including keyboards, touchpads, mice, protective cases, privacy filters, power banks, cables, storage media, ink and toners. Production takes place at a number of Asian manufacturers, with the Bechtle Taiwan office taking care of market trends and the latest technical developments. In turn, the two Swiss Bechtle logistics centres in Neckarsulm and Rotkreuz handle the storage of products.

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ALSO Buys Slovenia's DISS

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ALSO Buys Slovenia's DISS

ALSO announces further expansion into E. Europe with the acquisition of DISS, a leading Slovenian distributor of software and hardware from vendors such as HP and HPE. Financial details are not available.

The buy also covers two DISS subsidiary-- VAD, a specialised distributor of Dell EMC products, and IBM software distributor Marnis.

Founded in 1998 and headquartered in Ljubljana, DISS claims "above-average" growth with sales activities focused on various market verticals. It employs around 70 people and reports 2017 revenues worth €81 million, thanks to a focus on product lines demanding extensive pre-sales support and a focus on technical training.

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Bechtle Buys Inmac Wstore

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Bechtle Buys Inmac Wstore

German IT company Bechtle announces its biggest acquisition-- French reseller Inmac Wstore. Financial details of the deal, which is still subject to approval from French authorities and the Inmac Wstore workers council, are not available.

Inmac Wstore employs over 400 people across 3 locations in Roissy-en-France, Plessis and Angoulême. It sells PCs, software, storage, networking, components and peripherals, and records 2017 sales worth around €420 million. It has been owned by the American Systemax Group since 2009, and was formed through the merger of Inmac, founded in 1984, and Misco, founded in 1991.

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