Tech Data Corporation entered into definitive agreement to acquire Innovix Distribution Sdn. Bhd from Jardine Matheson Ltd.

Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services. The Company operates in two geographic segments: the Americas and Europe. Its customers include value-added resellers (VARs), direct marketers, retailers and corporate resellers who support the diverse technology needs of end users. It sells its products to customers in approximately 100 countries throughout North America, South America, Europe, the Middle East and Africa.