TechData Announces Strategic Investments to Expand Product Portfolio, Diversify Customers29 Apr, 2009
TechData Announces Strategic Investments to Expand Product Portfolio, Diversify Customers
Clearwater, FL ( April 2009) - Tech Data Corporation, a leading distributor of IT products, today announced several strategic investments that expand the company's product and customer portfolio, while leveraging its existing infrastructure. The details of these Tech Data transactions, which were completed in the last 90 days, are detailed below.
Strengthened expertise and position in the mid-range server market with the acquisition of certain assets of Compumedi, a leading IBM distributor in Spain. Compumedi offers a portfolio of IBM solutions, including Power Systems and System X server storage, software and vertical market systems. As part of the agreement, 50 IBM service and hardware skilled professionals joined Azlan, the value-added enterprise division of Tech Data in Europe.
Acquired certain assets of Investronica's Portuguese IT distribution operation, including selected inventories, key personnel and customer accounts. This combination will provide new and existing Tech Data customers throughout Portugal with a broader IT product offering, greater credit resources and better customer service.
Entered into an agreement to acquire certain assets of Man and Machine's German-based Autodesk distribution operations. As a result of the transaction, Tech Data becomes the leading distributor of Autodesk's AEC (Architecture/Engineering/Construction) products in the Central Europe region, including Germany, Austria and Switzerland.
Expanded the Brightstar Europe joint venture's business with the opening of a new Brightstar Europe sales office in Germany staffed with seasoned mobile device industry professionals. Since its launch, Brightstar Europe has continued to gain traction in the mobile device market and now has operations in the UK, Spain and Germany.
"Our strong balance sheet is a differentiating asset for Tech Data and we are capitalizing on opportunities to grow our business and strengthen our position in the European distribution marketplace. We are investing in strategic businesses that leverage our highly-efficient logistics infrastructure, diversify our reach into new and existing product and customer segments, and strengthen our Tech Data team with skilled distribution professionals," said Robert M. Dutkowsky, Tech Data's chief executive officer. "Each transaction was evaluated with discipline and will be quickly integrated into Tech Data's operations. While they won't have a material impact on our net sales, these combined initiatives underscore our core strategic principles to improve our business through focused investments. These transactions add breadth and strength to our organization and reinforce Tech Data's position as the largest IT distributor in Europe."
Tech Data serves more than 125,000 IT solution providers in over 100 countries. To learn more, visit www.techdata.com.