Area tech, IT giant merges with California company

CLEARWATER — Tech Data, once the largest publicly traded company in the region, has merged with a California company in a deal that, after closing, will create a $57 billion global tech services giant.

The merger is with Fremont, Calif.-based Synnex Corp., a Fortune 200 corporation that handles distribution, systems design and integration services for the technology industry for a wide range of enterprises, according to a statement. The transaction is valued at approximately $7.2 billion, including net debt, the release adds. The combined companies, the release states, with more than 22,000 employees, “will provide customers and vendors with expansive reach across products, services, and geographies to accelerate technology adoption.”