Savex Technologies has signed an agreement to acquire Inflow Technologies Pvt Ltd. Although the price of the deal is yet to be disclosed but Savex will acquire majority stake in Inflow Technologies and the remaining stake will be acquired over the next two years.
Of course this deal will take Savex Technologies’ very much closer to its rivals in the industry including Redington India and Ingram Micro India from a revenue point of view.
Founded in 2005, Inflow Technologies has revenues of about ₹2,586 crore. The firm has 15 global sales offices, employs over 370 personnel and caters to over 2,300 channel partners and 10,000 customers.
Founded in 2005, Inflow is a formidable force and a niche player in the Indian IT infrastructure distribution market, which has OEMs including Cisco, HP Enterprise, Palo Alto, McAfee, Forcepoint, Polycom and Zebra, etc.
This deal will of course make some product overlap for Savex but definitely the company would be very big in terms of its reach and size. Secondly both the companies operate in a very different way therefore this would be a great benefit to the OEMs and the partners. P
Global investment banking firm Singhi Advisors was the exclusive strategic and financial adviser to the transaction.
Following the deal, Savex Technologies and Inflow Technologies will continue to function as two separate entities and leverage each other’s strength.
“The investment in Inflow supports our strategic plan to be a full-service IT distributor and underscores our commitment towards digital transformation and new age technologies. It will also strengthen our enterprise channel portfolio and enable us to deliver higher valuer to our clients and channel partners. Inflow has a strong platform that will help us accelerate our diversification and South Asia expansion plans, and the deal will augment our presence in the security, storage and networking space,” Savex Technologies’ Found & Chairman, Anil Jagasia