Tech Data has swallowed up SCH’s distribution business, SDG, in a deal valued at around £219m to augment its enterprise distribution unit, Azlan and strengthen its wider broadline capabilities.
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The deal, which sees the firm pick up SDG, IQ Sys and ISI in the UK, ETC and Best’Ware in France, and ETC in the Netherlands, will add over £1bn of sales to Tech Data’s European revenues.
It also includes a supplier agreement where SCH will commit to making an incremental annual spend of £316m with Tech Data over the next five years.
Stock at services player Phoenix IT has slumped after it revealed on Monday that it had uncovered evidence of a deliberate accounts misstatement at its midmarket managed services business Servo.
An unnamed manager at Servo’s Leeds site has already been suspended pending an operational and business review of the areas impacted.
Virtualisation specialist Veeam has appointed an evangelist with responsibility for working with the channel and growing the firm's brand across Europe.
Computacenter has upped its interim shareholder interim dividend by 11.1% despite booking a 9.7% slide in adjusted pre-tax profit in the first half of its financial year.
The wireless local area network (LAN) market is growing, with companies still investing in infrastructure, despite the economic climate.