The Canadian distribution market got a little smaller in 2013.
The biggest deal saw Synnex Canada acquire all the assets of Supercom for approximately $36.5 million.
For about a quarter century Frank Luk and Supercom was a great Canadian success story. Luk, was named one of CDN’s leaders and visionaries.
Luk agreed to stay on with Synnex as senior vice-president of partner advocacy. Luk thanked all Supercom employees, vendor partners and customers for their loyalty and support over the years.
With Supercom on board, Synnex Canada president Mitchell Martin set his sights on nothing less than dominating the Canadian market.
“With the complementary partnerships and capabilities Supercom brings, Synnex Canada looks forward to better serving its enhanced base of customer and vendor partners,” said Martin. “I look forward to partnering with Frank to make Synnex the largest distributor in Canada.”
Supercom generated approximately $440 million in its most recent fiscal year.