{"id":177797,"date":"2017-06-06T09:07:07","date_gmt":"2017-06-06T07:07:07","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=177797"},"modified":"2017-06-06T09:07:07","modified_gmt":"2017-06-06T07:07:07","slug":"datatec-to-sell-westcon-comstor-for-830-million","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/it-services\/177797\/datatec-to-sell-westcon-comstor-for-830-million\/","title":{"rendered":"Datatec to sell Westcon-Comstor for $830 million"},"content":{"rendered":"<p>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.<\/p>\n<p>It will also sell 10% of the remaining part of Westcon to SYNNEX, for $30 million.<\/p>\n<p>The maximum consideration of $830 million equates to an equity valuation of the total Westcon-Comstor division of $1.1 billion.<\/p>\n<p>Jens Montanana, Datatec CEO, said: &#8220;This exciting industry-transforming opportunity to partner with a strongly-growing, well respected Fortune 500 corporation makes<br \/>\nsense from both a supplier and customer value perspective.<\/p>\n<p>\u201cWestcon-Comstor North America will benefit substantially from being part of a bigger business with a much larger\u00a0 addressable market \u2013 and so will our shareholders with our stake in SYNNEX.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/business\/176119\/datatec-reports-big-drop-in-profit-after-challenging-year\/\" target=\"_blank\" rel=\"noopener noreferrer\">Datatec reports big drop in profit after challenging year<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":10,"featured_media":37861,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[31],"tags":[25,765],"class_list":["post-177797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","tag-active","tag-datatec"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/177797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=177797"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/177797\/revisions"}],"predecessor-version":[{"id":177799,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/177797\/revisions\/177799"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/37861"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=177797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=177797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=177797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}