Tampa Bay's biggest company, Tech Data, gets a whole lot bigger with Avnet acquisition

CLEARWATER — Tampa Bay's largest public company got even bigger today.7 Months Ago7 Months Ago5 Months AgoClearwater-based Tech Data Corp. has closed on the acquisition of Avnet's Technology Solutions, a Phoenix-based technology distributor with about...

Tampa Bay's biggest company, Tech Data, gets a whole lot bigger with Avnet acquisition

CLEARWATER — Tampa Bay's largest public company got even bigger today.7 Months Ago7 Months Ago5 Months AgoClearwater-based Tech Data Corp. has closed on the acquisition of Avnet's Technology Solutions, a Phoenix-based technology distributor with about...

27 February 2017 Monday 15:12
31 Reads
Tampa Bay's biggest company, Tech Data, gets a whole lot bigger with Avnet acquisition

CLEARWATER — Tampa Bay's largest public company got even bigger today.

7 Months Ago

7 Months Ago

5 Months Ago

Clearwater-based Tech Data Corp. has closed on the acquisition of Avnet's Technology Solutions, a Phoenix-based technology distributor with about 5,000 employees worldwide.

Previous coverage: Clearwater's Tech Data Corp. to buy technology business for $2.6 billion

Absorbing Avnet's business will help Tech Data expand into Asian markets and increase its product offerings, the company said in a statement Monday.

The $2.6 billion deal was announced in September 2016 and could propel Tech Data to overtake Publix Super Markets as Florida's largest company. Avnet and Tech Data's 2015 combined revenue totaled $35 billion. Publix' revenue was $32.4 billion. In total, the company will now have about 14,000 employees.

"We'll be a Fortune 80 (company) now — bigger than American Express," CEO Bob Dutkowsky told the Tampa Bay Times last fall.

Tech Data distributes technology products like smartphones, computer servers and software for giants Apple, HP and IBM.

Our editors found this article on this site using Google and regenerated it for our readers.

Comments

Warning!

You have to login for comment. If you are not a member? Register now.

Login Sign Up