Datatec to sell Westcon-Comstor for $830 million
Listed ICT company, Datatec has entered into an agreement to dispose of its Westcon-Comstor business in North America and Latin America for $800 million.
It will also sell 10% of the remaining part of Westcon to SYNNEX, for $30 million.
The maximum consideration of $830 million equates to an equity valuation of the total Westcon-Comstor division of $1.1 billion.
Jens Montanana, Datatec CEO, said: “This exciting industry-transforming opportunity to partner with a strongly-growing, well respected Fortune 500 corporation makes
sense from both a supplier and customer value perspective.
“Westcon-Comstor North America will benefit substantially from being part of a bigger business with a much larger addressable market – and so will our shareholders with our stake in SYNNEX.
Read: Datatec reports big drop in profit after challenging year
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