Little change is expected for resellers and suppliers when major distributor Tech Pacific changes hands next month.
Current owner Hong Kong-based First Pacific is selling Tech Pacific to Hagemeyer, a Netherlands-based multinational with broad interests in food and beverage, sports goods, electrical products, apparel, cosmetics and technology marketing. The value of the buy-out is unknown.
Although Hagemeyer is publicly listed on the Netherlands stock exchange, industry sources indicate that First Pacific has a stake.
It will be Hagemeyer's first entry into the IT sector. Sources close to Tech Pacific said Hagemeyer viewed the purchase as a long-term investment in the IT sector in Asia- Pacific.