Ingram Micro Ready To Face Off Against Tech Data-Synnex
Ingram Micro Senior Vice President Kirk Robinson says he’s not worried about the competitive threat posed by the blockbuster Tech Data-Synnex merger.
“If someone had told me a few years back that three of the biggest distributors (Tech Data, Synnex and Avnet) were going to combine and we had the chance to compete against them, I’d say game on,” said Robinson. “We have a very healthy respect for all our competitors, but we’re also very confident and proud in our own capabilities, both globally and in the U.S.”
Synnex and Tech Data will create the world’s largest IT distributor through their merger, coming in nearly $10 billion larger than Irvine, Calif.-based Ingram Micro, which had $47.2 billion in sales in 2019. The merger is expected to close in the second half of 2021, and generate $100 million of optimization and synergy benefits in the first year after closing and some $200 million by the end of the second year.
The Synnex-Tech Data deal comes with Ingram Micro in the midst of finalizing its $7.2 billion acquisition by private equity powerhouse Platinum Equity.
“The deal is continuing to look like it will close at the end of Q2. We’re thrilled to become part of the Platinum family,” said Robinson. “They have such a tremendous reputation in the market. We’re very excited with the opportunity to be part of that family.”