SYNNEX Technology International Corporation's(TW:2347) Overseas Investments , Synnex Corporation, a public company in the US, announced that it will acquire Tech Data, the world's second largest IT distributor. Synnex Corporation also announced its financial results for the first quarter of 2021. Benefiting from the strong demand for digital transformation and remote work due to the epidemic, revenue and operating income increased by 21% and 42% respectively compared to the same period last year.

　　Since 1997, Synnex set up overseas channels by investing in Synnex Corp. US. In the past 24 years, Synnex Corporation gradually grew from a small company into a Fortune 500 company. In 2014, Synnex Corporation paid US$505 million to acquire IBM's worldwide customer care services and entered the BPO(business process operation) business. In recent years, Synnex Corporation simultaneously expanded its two core business lines of IT distribution services and BPO, and officially spun off into two publicly-traded companies, Synnex Corporation and Concentrix, in December 2020. The market value prior to the spin-off was about US$7 billion. After the spin-off, the market value of both companies totaled US$12 billion.

　　The potential profit of Synnex Technology International Corporations's shares of Synnex Corporation and Concentrix is estimated at US$600 million.