Tech Data to create new IT giant via takeovers

Consolidation of the domestic IT market is gaining speed and recently stock-listed Action announced plans to purchase Vobis and PC Factory. According to Parkiet sources, Tech Data is planning to purchase an 80 percent stake in ABC Data from MCI Management, and this news was confirmed by the CEO of Tech Data Polska, Ireneusz Dąbrowski. He went on to say that officially Tech Data has not been invited to submit an offer by MCI.

If the merger went through it would see the creation of an entity with an annual turnover of zł.4 billion. In comparison the total sales of Action and Vobis amounted to zł.2.5 billion in the previous calendar year.

Source: Parkiet (M.M.)