Aptec Holdings in Major Mid East Expansion.
22nd March 2007
DUBAI, March 2007 - Aptec Holdings in Major Mid East
entity established to absorb Tech Data’s enterprise and
components business as IT products distributor withdraws
from regional market.
a statement issued today, Aptec Holdings announced that
it will assume responsibility for up to 14 franchises
and distribution agreements formerly held by Tech Data,
the regional IT products distributor. Tech Data
confirmed that it is withdrawing from the Middle East
market and handing its enterprise and components
business throughout the region to a new entity, TD M.E.
a wholly-owned subsidiary Aptec Holdings. The two
companies will work together closely to ensure
continuity of business during the period of transition.
Making the announcement, Dr. A Ali
Baghdadi, Chairman and CEO of Aptec Holdings, said:
“Aptec has shown how it is possible to succeed even in
this most challenging of markets. We are ideally
positioned to take on Tech Data’s business in the Middle
East and provide continuity to the benefit of customers,
suppliers and staff. We can see tremendous opportunities
for growing this business and broadening Aptec’s
footprint across the Middle East and beyond.”
Aptec’s TD M.E. business will operate
from the current Tech Data office location in Dubai,
retaining existing telephone numbers to further enhance
business continuity. Tech Data Europe and Aptec also
plan to form a strategic alliance that will allow TD M.E.
to leverage Tech Data’s central supply
Hanspeter Eiselt, Managing Director of
Tech Data Middle East commented, “Aptec is a highly
respected IT distributor in the Middle East and we are
pleased the company has decided to take on the
enterprise and components part of our business in the
region. Aptec has a strong corporate culture, an
in-depth understanding of local markets and of the
industry as a whole, factors, that will undoubtedly
ensure a smooth transition, providing seamless
continuity. We would like to thank our customers and
vendor partners, for their support in the past and wish
them all continued success with TD M.E.”
Aptec plans to keep TD M.E. running
separately from its existing distribution business and
will focus on gaining profitable market share for the
major brands it represents.
TD M.E. will immediately incorporate
offices along side existing Aptec branches in Saudi
Arabia, Kuwait, Lebanon, Turkey and Egypt. "We see TD
M.E. going from strength to strength over the next few
years, and contributing significantly to the group's
success, further enhancing our position as the region’s
leading distribution group" Baghdadi explained.
(www.apteconline.com) is the leading distributor of
IT and telecommunications products in the Middle East,
Africa, Turkey and CIS. It has unique regional coverage
with offices in the UAE, Saudi Arabia, Egypt, Lebanon,
Turkey, Kuwait and Africa. A Long-term reliable player
in the Middle East, Aptec has been trading since 1980.
Aptec offers a one-stop-shop for a complete range of IT
and Telecom products. It serves the region from 5
strategically located warehouses, comprising more than
35,000 sq. ft in warehousing facilities.
About Tech Data
Founded in 1974, Tech Data Corporation
(NASDAQ GS: TECD) is a leading distributor of IT
products, with more than 90,000 customers in over 100
countries. The company's business model enables
technology solution providers, manufacturers and
publishers to cost-effectively sell to and support end
users ranging from small-to-midsize businesses (SMB) to
large enterprises. Ranked 107th on the FORTUNE 500®,
Tech Data generated $21.4 billion in sales for its
fiscal year ended January 31, 2007.
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