Tech Data has inked an agreement to acquire Hong Kong-based Innovix Distribution. The deal will grow Tech Data’s presence in the Asia-Pacific region and strengthen its end-to-end solutions capabilities.
It will accelerate Tech Data’s growth in next-generation technologies, including within cloud and security, as well as endpoint offerings across the region. The technology distributor will also have extended reach in key geographies such as Hong Kong, Malaysia and Singapore.
“Innovix is a leading regional IT distributor with an expansive range of IT products, solutions and services that will enhance our vendor portfolio, increase our customer base and strengthen our end-to-end solutions capabilities. Innovix’s strong team of 500+ experienced professionals have in-depth local industry knowledge that will augment our expertise in the market and strengthen our ability to deliver higher value to our channel partners across the region,” said Jaideep Malhotra, President of Asia Pacific at Tech Data.
“This investment demonstrates our commitment to the Asia Pacific region and is an important, early milestone in our transformational journey since being acquired by Apollo Global Management. The addition of Innovix reinforces our collective focus on growth and diversification, supporting Tech Data’s announced plans to transform our company into one that defines a new standard of operational and cultural excellence in our industry,” he added.
Extensive distribution network
Headquartered in Hong Kong, Innovix is currently a part of Jardine Matheson Group. It has an extensive distribution network that spans more than 8,000 channel partners in Asia.
“Our focus on helping businesses accelerate growth and capitalise on digital transformation is perfectly aligned with Tech Data’s mission to connect the world with the power of technology, and we look forward to working together to serve this market and stay ahead of evolving technologies and consumption models,” said Eric van der Hoeven, CEO of Innovix.