To our valued
I am excited to share some important news with you about our company.
Today we announced that Tech Data has agreed to be acquired by funds managed by affiliates of Apollo Global Management, one of the worlds leading global
alternative investment managers. Upon completion of the transaction, Tech Data will become a privately held company with additional resources and greater flexibility to invest in our people and portfolio, both of which will accelerate our strategy
of delivering higher value.
We believe this transaction will be a win for our channel partners, our customers, our colleagues and our shareholders.
As you know, we have taken important steps to establish Tech Data as one of the largest and most respected technology distributors in the world. With this
transaction, Tech Data is gaining an owner with a proven record of working with other technology companies to help them grow and thrive. Apollo shares our commitment to being a trusted partner to the worlds leading technology vendors while
serving customers better than any other company in the space.
Apollo is investing in our company because they believe Tech Datas team, capabilities
and global infrastructure provide a great platform for growth. As a private company with Apollos sponsorship and a strong balance sheet, Tech Data will have significant financial and strategic flexibility to drive growth going forward. Their
investment will enable us to accelerate our work to further differentiate and expand our end-to-end solutions portfolio and provide our channel partners with
unparalleled reach, efficiency and expertise.
We expect the transaction to close in the first half of calendar year 2020, subject to customary closing
conditions including regulatory approvals and approval from Tech Data shareholders. Until then, Tech Data will continue to operate as a public company.
Todays announcement will have no impact on our day-to-day operations.
Your Tech Data contact remains the same; all current contracts are continuing as normal, and there will be no changes in how we work with you. In short, it remains business as usual. Going forward, we remain committed to supporting your needs with
the same focus and commitment to excellence that we have shown in the past.
On behalf of the Tech Data team, I thank you for your continued partnership
and trust in our company. We look forward to the exciting opportunities ahead to grow our businesses together with you.
As always, if you have any
questions, please feel free to reach out to your Tech Data representative.