![]() ![]() These statements, including statements regarding the acquisition and minority investment, the impact thereof, and our expectations concerning diluted non-GAAP EPS, are subject to risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements. These forward-looking statements may be identified by terms such as believe, foresee, expect, may, will, provide, could and should and the negative of these terms or other similar expressions. Statements in this news release regarding SYNNEX Corporation, which are not historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Additional information about SYNNEX may be found online at Safe Harbor Statement SYNNEX distributes a broad range of information technology systems and products, and also provides systems design and integration solutions. Concentrix, a wholly-owned subsidiary of SYNNEX Corporation, offers a portfolio of strategic solutions and end-to-end business services around customer engagement strategy, process optimization, technology innovation, front and back-office automation and business transformation to clients in ten identified industry verticals.įounded in 1980, SYNNEX Corporation operates in numerous countries throughout North and South America, Asia-Pacific and Europe. SYNNEX Corporation (NYSE:SNX) is a Fortune 500 corporation and a leading business process services company, providing a comprehensive range of distribution, logistics and integration services for the technology industry and providing outsourced services focused on customer engagement strategy to a broad range of enterprises. Further details will be provided in the upcoming third quarter earnings release and conference call.įor more information, visit About SYNNEX Corporation In the first 12 months after close, this acquisition is expected to generate approximately $0.70 diluted Non-GAAP EPS.SYNNEX has put in place a $1.8 billion facility which includes a $1.2 billion term loan and a $600 million revolver to fund this acquisition and provide additional working capital requirements.In addition, Datatec has ability to receive up to an additional $200 million earn out if certain financial targets are achieved through Feb 2018.Approximately $190 million of net debt assumed.$30 million cash for 10% minority investment in Westcon-Comstor EMEA and APAC businesses.$600 million cash for Westcon-Comstor Americas businesses.The financial details of the acquisition are: It also creates a strategic partnership with Westcon-Comstor EMEA and APAC businesses, enabling a seamless global experience for partners. The acquisition strengthens the company's market position in North America and adds an established presence in Latin America. The acquisition of Westcon-Comstor Americas continues to build on our strategy of positioning the business to where technology is growing." "We believe this talented team and their recognized leadership in the security, UCC and networking space will enhance our value proposition in the market place. "I'm excited to welcome the Westcon-Comstor Americas team to the SYNNEX family," said Kevin Murai, President and CEO of SYNNEX Corp. The acquisition solidifies SYNNEX as a leader in security, UCC and networking, providing deep strength, capabilities, and comprehensive offerings in these attractive markets. ![]() 1, 2017 /PRNewswire/ - SYNNEX Corporation ( NYSE: SNX) today announced the completion of the acquisition of the Westcon-Comstor Americas businesses and minority investment in Westcon EMEA and APAC businesses. ![]()
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