Tech Data completes Avnet asset acquisition

Creates premier global IT distributor with the most diverse end-to-end solutions from the data centre to the living room.

Tuesday, 28th February 2017 Posted 7 years ago in by Phil Alsop

Tech Data Corporation has completed its acquisition of the Technology Solutions business from Avnet. The combination creates a premier global end-to-end IT distributor with unmatched capabilities and the most diverse solutions from the data centre to the living room.

“This is a momentous day in our company’s history and we are excited to welcome our talented colleagues at Technology Solutions to the Tech Data family,” said Bob Dutkowsky, chief executive officer of Tech Data. “Our combined company is perfectly positioned at the epicentre of the IT ecosystem—with the scale and scope to serve dynamic markets throughout the world— giving our customers access to an end-to-end portfolio of IT solutions and efficiently bringing our vendors’ products to new customers in more markets. Our organisations’ common cultures, shared values and commitment to providing a world-class customer experience will serve as the foundation for the new Tech Data. Together, we will be an even stronger company, capable of doing more for our channel partners than ever before. We remain confident that the acquisition of Technology Solutions creates a winning combination for our customers, vendors, and shareholders, as well as the employees of both organisations.”

The addition of Technology Solutions significantly broadens Tech Data’s value-added distribution business, increasing the company’s ability to help its partners capitalise on next generation technologies while enhancing its go-to-market capabilities with complementary skills, expanded vendor relationships, and new customer sets. The combined company has a larger and more balanced geographic footprint, including a presence in the Asia-Pacific region, a new market for Tech Data. The company has operations in 40 countries, with 14,000 employees serving approximately 115,000 customers in more than 100 countries.

The company also announced its global executive leadership, as well as several new regional and global roles. Reporting to CEO Bob Dutkowsky are:

Chuck Dannewitz, executive vice president, chief financial officer
Rich Hume, executive vice president, chief operating officer
Beth Simonetti, executive vice president, chief human resources officer
John Tonnison, executive vice president, chief information officer
David Vetter, executive vice president, chief legal officer

Reporting to COO Rich Hume are:

William Chu, president, Asia-Pacific
Jaideep Malhotra, president, Global Computing Components
Joe Quaglia, president, Americas
Patrick Zammit, president, Europe
Els Demeester, corporate vice president, Integration
Michael Urban, corporate vice president, Strategy, Transformation and Global Vendor Management