Technology distributors Synnex and Tech Data are merging in deal valued at about $7.2 billion including net debt to create a company with $57 billion in annual revenue with 22,000 employees.
The combination of two companies will expand the geographic and product reach into cybersecurity, cloud, data and Internet of things. Synnex is publicly traded on the New York Stock Exchange and Tech Data is privately held and owned by Apollo Global Management.
