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Tech Data snaps up Globelle

Canadian presence set to double

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Tech Data has completed its buy-out of Globelle Corporation, doubling its presence in Canada. The deal was completed through a merger of Globelle, Tech Data Canada and GLP Acquisition Corporation – an organisation created for the acquisition. The company will operate as Tech Data Canada. The distributor, which bought Computer 2000 last year, said it would use Globelle’s reputation in the distribution channel to help it grow and push further into the North America market. Tech Data previously owned 82 per cent of Globelle. Rick Reid, president of Tech Data Canada, said he was pleased with the integration process so far. "We are ahead of the original schedule and anticipate total integration of all systems by the end of August," he said. The acquisition was first announced on 1 April, with the take-over bid estimated at C$37 million (US$25 million). It gives Tech Data Canada around 500 staff. The company also announced it had been made an IBM International Business Partner (IBP) – distributing desktops, notebooks and servers. "IBM is making an important industry statement with this programme," said Steve Raymund, Tech Data chairman and CEO. "They clearly recognise that technology resellers are essential to expanding their global reach." The scheme will allow Tech Data to sell to resellers that currently buy direct from IBM through the IBP programme. The US agreement is expected to be worth over $6 billion for the next three years. Tech Data is creating a global reseller programme as a result of the appointment, due to start in Autumn. It has also established a global team under Dan Ahlstedt, Tech Data vice president of international marketing. ®

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