Westcon-Comstor Announces the Intended Sale of Its Americas Business and a Minority Investment in Its International Business by SYNNEX

TARRYTOWN, N.Y. – June 6, 2017 – Westcon-Comstor announced today that its parent company, Datatec Limited, has entered into a definitive agreement to sell its North America and Latin America distribution business (“Americas”) to SYNNEX, a Fremont, California-based company, as well as a minority equity share in its “International” operations: comprised of Europe, Middle East and Africa (EMEA) and Asia-Pacific (APAC). In addition, Datatec will acquire a minority equity share in SYNNEX. 

The companies will operate under a single go-to-market structure, ensuring that vendor partners and solution providers receive the same levels of service with no disruptions. The agreement also allows Westcon-Comstor International to better align its regional resources and seek new opportunities for growth. 
Both SYNNEX and Datatec will have shareholder interest in the 
Westcon-Comstor Americas and the Westcon-Comstor International businesses as well as representation on each other’s board of directors, ensuring strategic and operational alignment. 
“Our customers gain access to complementary technology solutions and business services that open up new opportunities to accelerate growth,” Dolph Westerbos, CEO of Westcon-Comstor, said. “SYNNEX is an undisputed leader in IT distribution, particularly in North America. Their breadth of customers and technology solutions will be a tremendous benefit to our portfolio. This transaction not only brings together two complementary businesses, but also two similar cultures around employee and customer success.” 
Both entities expect to benefit from Westcon-Comstor’s recent completion of its global business transformation: an SAP implementation and business process outsourcing across five continents, intended to deliver consistent and improved customer services while generating significant efficiencies.  
“Westcon-Comstor has developed a successful business around the world with a very deep and talented team. We are excited to welcome the Americas organization to the SYNNEX family and look forward to leveraging their global expertise to serve our customers in new and innovative ways,” said Kevin Murai, President and CEO of SYNNEX. 
The transaction is expected to close in the third calendar quarter of 2017, subject to the satisfaction of regulatory requirements and customary closing conditions. Until the transaction is completed, the companies will continue to operate independently. 
About SYNNEX Corporation
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.  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. Founded in 1980, SYNNEX Corporation operates in numerous countries throughout North and South America, Asia-Pacific and Europe.  Additional information about SYNNEX may be found online at www.synnex.com.
About Datatec Ltd.
Datatec Ltd. (JSE/AIM:DTC) is a global ICT solutions and services group with revenues of over US$ 6 billion, more than 8,000 employees worldwide and operations in over 70 countries across North America, Latin America, Europe, Africa, Middle East and Asia-Pacific. Through three core operating divisions, the Group offers Technology Distribution (Westcon-Comstor), Integration and Managed Services (Logicalis) and Consulting and Research (Analysys Mason and Mason Advisory). 
Datatec’s shares are listed on the Johannesburg Stock Exchange and it has a secondary listing on AIM in London.
About Westcon-Comstor 
Westcon-Comstor (WestconGroup Inc.) is a value-added technology distributor of category-leading solutions in Security, Collaboration, Networking and Data Center. Westcon-Comstor is transforming the technology supply chain through its global capabilities in Cloud, Services and Global Deployment. It has teams in 70-plus countries, combining expert technical and market knowledge with industry-leading partner enablement programs. Collaborating with its partners in a unique engagement model, Westcon-Comstor strives to deliver an exceptional partner experience to deliver results together. The company goes to market under the Westcon and Comstor brands. 

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