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SYNNEX to acquire large chunks of Westcon-Comstor
2017-09-05

American distributor SYNNEX Corporation and South African group Datatec have unveiled a definitive agreement in which SYNNEX will acquire Datatec's Westcon-Comstor Americas business and become a minority shareholder in Datatec's Westcon EMEA and APAC businesses. "We believe this is a unique opportunity that is transformational to SYNNEX and is aligned to our strategy of positioning the business to where technology is growing. Westcon-Comstor is a recognized leader in the security, UCC and networking space", stated Kevin Murai, President and CEO of SYNNEX Corp. "The Westcon-Comstor brand has been built over time by a very deep and talented team and we are excited to welcome the Americas team to our family."

Jens Montanana, CEO of Datatec, stated: "I'm proud of our team and the business they have built over the past thirty years. The SYNNEX culture is similar to Westcon-Comstor and I'm excited about the opportunity to grow our businesses together on a global scale. We share a common vision and strategic objective in addressing the global complexities and emerging demands facing our partners."

Here are the transaction details and the impact of the acquisition to Consolidated SYNNEX Corporation Financials:

  • €460M in stock and €90M in cash at closing
  • Up to €185M earn out if certain financial targets are achieved through Feb 2018 - which will allow Datatec to own about 10% of SYNNEX
  • €27.7M for 10% ownership of Datatec's Westcon EMEA and APAC businesses (with an option to double that ownership, although no details have been unveiled on how and when). Synnex also gets first refusal on making an offer to acquire it in its entirety if Datatec ever looks to sell the remainder of the business in the future, out of which Datatec wishes to get better value in the future, once the (difficult as usually) SAP implementation in the region is achieved.
  • Approximately €106 million of net debt will be assumed and refinanced with the close of the transaction
  • Option to pay all cash, based on the average share price at closing
  • If stock is issued, the SNX Board of Directors will appoint Jens Montanana to the SYNNEX Board of Directors, subject to compliance with legal and regulatory requirements

"We are pleased to welcome a long-term shareholder like Datatec Ltd. The ownership structure serves us well as it aligns our collective long-term goals", stated Kevin Murai, President and CEO of SYNNEX Corp. "The composition of this transformative acquisition enables SYNNEX to further invest in long-term strategies to grow and diversify our business. Mr. Montanana brings to our board deep practical knowledge in doing business beyond North America."

For its fiscal year end ended February 28, 2017, the Westcon Americas business generated approximately €2B of revenue and approximately €82m in EBITDA. In the first 12 months after close, the Westcon Americas business, excluding integration costs, transaction expenses and intangible amortization, is expected to be mildly accretive to SYNNEX Non-GAAP EPS and then accelerate in year two. 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.

Westcon-Comstor appoints CEO
2017-08-25

South Africa: VAD Westcon-Comstor has appointed Rakesh Parbhoo as CEO. Parbhoo will replace Guy Whitcroft, who held a 12-month contract to fulfil the role of interim CEO of the company for the last year. "We are pleased to welcome Rakesh to the ranks of WestconGroup in the region and believe his extensive knowledge of the changing face of IT within the African landscape will prove to be an asset to the company", states Jeremy Butt, EVP for EMEA at Westcon-Comstor. "Furthermore, we would like to thank Guy Whitcroft, who stepped into the role of interim CEO at short notice just on a year ago. Guy has made a truly positive contribution to the business and has helped us plot our growth trajectory in the region during his tenure at the southern African office."

Parbhoo is currently the Chief Information Officer for Dimension Data Middle East & Africa. In this role, he is responsible for Dimension Data MEA's information systems strategy to support its business objectives and goals. Originally joining Dimension Data in 1998 as a product manager, Rakesh has subsequently held a number of positions in sales and services management. In 2006, he was appointed Managing Director for Dimension Data East Africa following the purchase of an existing business. He transformed the business into one of East Africa's leading IT services companies. Subsequent to this he was appointed as the Executive for Emerging Markets, responsible for Dimension Data's operations outside of South Africa, across Middle East & Africa. Parbhoo graduated with a BCom degree majoring in insurance, risk management and information systems from the University of the Witwatersrand, South Africa, in 1997. He subsequently completed a Management Development Programme through Manchester Business School, and was selected for the Global Leadership Development Programme through the Gordon Institute of Business Science. "Rakesh will be tasked with leading the local executive team while exploring new opportunities within the southern African distribution landscape. In addition, we believe his knowledge of the market, his passion for technology and services, will help us to continue to transform the face of distribution within the region", ends Butt.

Comstor and Mustek expand their portfolio
2016-11-10

South Africa: Cisco VAD Comstor has officially added Cisco Meraki wireless IT management systems to its portfolio. Meanwhile, broadliner Mustek has been selected as an official distributor of LG's range of visual display products. The company will supply desktop monitors, televisions, public display panels and LED projectors to the dealer channel throughout Africa (source: IT Online South Africa).

VMware signs up Westcon as distributor
2016-03-07
South Africa: to help local solution providers improve time to revenue and accelerate growth opportunities, infrastructure VAD Westcon Data Centre has included VMware's portfolio of cloud infrastructure and business mobility solutions to its portfolio. This expanded agreement supports partners with pre- and post-sales support, technical support, as well as logistics services from 60 offices across six continents. Partners also gain access to Westcon Academy's unparalleled range of technical programmes, both certified and non-certified, designed to educate their staff, expand capabilities and keep them ahead of their competition. "Through this extended SADC agreement with VMware (which now covers South Africa) our partners are better positioned to help businesses more efficiently transition to the cloud and leverage workload mobility more securely across multiple data centre sites," said Louise Taute, Comstor Director, Southern Africa. "VMware's unique approach to the data centre gives their customers a ‘one-cloud, any-application, any-device' architecture that unifies private, managed and public clouds into one hybrid solution." The Westcon Data Centre Practice delivers an industry-leading portfolio to fit a variety of end users' data centre needs. Its selection of enablement and training courses and business development activities empowers solution providers in advancing information management.

Kindermann, ENO, VIDEOR, Westcon: some news from German distributors
2016-03-01

Germany: AV specialist Kindermann has expanded its portfolio with Ctouch LFD touchscreens, from Dutch vendor and distributor Sahara. On its side, telephony specialist ENO Telecom has added O2 business offers to its catalog. Swiss digital signage vendor SpinetiX has decided to complement its presence in the country with the appointment of AV and security VAD VIDEOR. Finally, VAD Westcon has opened a new warehouse in Houten, the Netherlands, in order to address more efficiently and rapidly the needs of its resellers in Central Europe, including Germany. The new warehouse, which, with 8000 sqm, is 60% larger than the previous one, also offers integration services for its UC&C, Comstor and Security customers in the region (source: Telecom Handel and IT Business).

Recent additions

Our directory is updated daily through information sent by vendors and distributors. Here are the latest updates :
Achab Ltd
United Kingdom - VAD
Nuaware Ltd
United Kingdom - VAD
ALSO Cloud España
Spain - VAD
WorldTell Mobile LLC
United Arab Emirates - Specialist
JLC Distribution Ltd
United Kingdom - Specialist
Cyberton Global DMCC
United Arab Emirates - VAD
Rainbow International Distribution srl
Romania - Specialist
GT Distribuzione Srl
Italy - Specialist
Caetano Group Ltd
Cyprus - Broadliner
1nfinitx Distribution
France - Specialist

 

Comstor South Africa
Address

Comstor South Africa
9 Cambridge Commercial Park
22 Witkoppen Road
ZA-2191 Paulshof
South Africa
Phone : +27-112333333
Fax : +27-112333223
Website : http://africa.comstor.com

Other offices
La Lucia
Phone : +27-315838400
Kenilworth
Phone : +27-216573540
Nelspruit

Team

CEO : Mr Rakesh Parbhoo
General manager : Mr Louis Taute
Marketing director : Mrs Therese Tattersail
Sales manager : Mr Dorio Bowes
Market manager : Mr Faizel Baulackey

Information

Creation year : 2000
Company registration number : 1994/005004/06
Indirect turnover : 100%
VAD : Networks and telecoms, security
Main brands : Cisco, Dell EMC, Imagicle, Linksys, SolarWinds
Clients : Associations, dealers, independent retailers, IT consulting, system integrators and VARs, service providers, specialized and corporate resellers, telecom operators

Products

Accessories and connectivity
Cabling and connectivity
Cisco, Cisco (Meraki), Linksys
Hardware test products
Cisco, Cisco (Cognio)
Infrastructure accessories, bays and racks
Cisco

AV
AV accessories
Cisco
Large-format display
Cisco
Personal and home audio
Cisco
Professional AV hardware
Cisco

Computers and peripherals
Adapters and controllers
Cisco
Servers
Cisco, HPE (Simplivity), NetApp (Flexpod)
Thin computing
Cisco, VMware

Computing components
Memory
Cisco

Mobility
Fixed phones, faxes and accessories
Cisco
Mobile accessories
Cisco
Subscriptions and prepaid products
Cisco

Networks and telecoms
Network infrastructure
Cisco, Cisco (IronPort), Cisco (Lancope), Cisco (Meraki), Imagicle, Linksys, QuesCom, SecureLogix, SolarWinds, VMware
Voice- and video-over-IP hardware and software
Cisco, Imagicle, Linksys, QuesCom

Original spareparts
Original spareparts
Cisco

POS and AIDC
RFID hardware and software
Cisco

Security
IT security
Cisco, Cisco (IronPort), Cisco (OpenDNS), Linksys, SecureLogix, Sourcefire now part of Cisco, VMware
Physical security
Linksys, SecureLogix

Services and cloud computing
Cloud
Cisco, Cisco (IronPort), Cisco (Meraki), Cisco (ScanSafe), Sourcefire now part of Cisco
Services
Cisco, Cisco (Cognio), Cisco (IronPort), QuesCom, SolarWinds, Sourcefire now part of Cisco, VMware

Software
Corporate software
Cisco, Cisco (Acano), Imagicle, QuesCom, VMware
Operating systems
VMware
Other software
QuesCom

Storage
Storage infrastructure
Cisco
Storage servers
Cisco
Storage software
Cisco, VMware


 

Recent additions

Our directory is updated daily through information sent by vendors and distributors. Here are the latest updates :
Achab Ltd -  United Kingdom - VAD
Nuaware Ltd -  United Kingdom - VAD
ALSO Cloud España -  Spain - VAD
WorldTell Mobile LLC -  United Arab Emirates - Specialist
JLC Distribution Ltd -  United Kingdom - Specialist
Cyberton Global DMCC -  United Arab Emirates - VAD
Rainbow International Distribution srl -  Romania - Specialist
GT Distribuzione Srl -  Italy - Specialist
Caetano Group Ltd -  Cyprus - Broadliner
1nfinitx Distribution -  France - Specialist

Latest partnerships

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Scammers

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