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Westcon Sale Rumours Intensify

for sale sign

Rumours are gathering pace, and substance, around Westcon-Comstor heading for a sale after parent company, Datatec, announced plans to sell a major portion of the company for $800 million.

Datatec operates across three core divisions, controlling technology distribution through Westcon Group, integration and managed services through Logicalis and consulting and research through Analysys Mason.

Datatec released the following statement, “There can be no certainty that the transaction will be completed, nor as to the precise terms on which the transaction might be completed,”

“Shareholders are therefore advised to continue to exercise caution when dealing in the company’s securities.”

Arrow Electronics and Synnex have emerged as likely buyers for the up for sale distributor. Both have declined to comment on a possible acquisition.