TD Synnex Enters Into A Definitive Agreement to Acquire BlueStar; No Terms Disclosed

TD SYNNEX (NYSE:SNX) today announced that it has entered into a definitive agreement to acquire BlueStar, a leading specialty distributor recognized for its expertise in Automatic Identification and Data Capture (AIDC), operational technology, mobility, RFID, point-of-sale, digital signage, networking, robotics and security technologies. The transaction is subject to customary regulatory approvals and other closing conditions.The proposed transaction reflects a shared commitment to helping channel partners grow through deep expertise, strong vendor relationships and customer-focused support. The combination is expected to provide customers and vendors with access to broader technology offerings, expanded resources and specialized capabilities while preserving the expertise that has defined BlueStar’s success."BlueStar has built an outstanding reputation through specialization, technical expertise and an unwavering commitment to its partners," said Reyna Thompson, President of North America for TD SYNNEX. "We're excited about the opportunity to combine BlueStar's expertise in AIDC, operational technology, mobility, RFID, point-of-sale and related technologies with the global resources, investments and reach of TD SYNNEX.""In addition to BlueStar’s portfolio, the specialized knowledge and expertise within its team are central to the differentiated support and services it provides," said Miriam Murphy, President of EMEA for TD SYNNEX. "Combined with the global capabilities of TD SYNNEX, those strengths have the potential to enhance opportunities for customers and vendors of both companies."Ryan Girvin, Chief Executive Officer of BlueStar, added, "Our customers and vendor partners rely on BlueStar because of our specialization, industry expertise and personalized support. The opportunity to join TD SYNNEX would allow us to maintain those strengths while expanding the resources, capabilities and opportunities available to the partners we serve."Until any transaction is completed, TD SYNNEX and BlueStar will continue to operate independently.Both companies remain committed to independently supporting their partners throughout the regulatory review process and will provide updates as the transaction progresses.