Corporate NewsNews

Inflow Technologies Withdraws from Acquisition

Tech Data announced that Inflow Technologies has exercised its right to withdraw from closing its acquisition by Tech Data. As a result, Inflow has paid a break fee to Tech Data, as outlined in the original acquisition agreement, which was announced on Dec. 16, 2019.

“We respect Inflow’s decision to go in a different direction,” said Jaideep Malhotra, President, Asia Pacific, at Tech Data. “Tech Data is committed to our strategy of delivering higher value by strengthening our end-to-end portfolio and optimizing our global footprint, and we continue explore opportunities to grow our business in alignment with this strategy.”

Related posts

NIXI celebrates 20 Years of Powering India’s Digital Transformation


Tenda Organizes Mass Tree Plantation Drive in Delhi


Prisma: The Secure Way to Cloud