Press Centre

Aptec Holdings in Major Mid East Expansion.

22nd March 2007  

DUBAI, March 2007 - Aptec Holdings in Major Mid East Expansion.

       New entity established to absorb Tech Data’s enterprise and components business as IT products distributor withdraws from regional market.

     In a statement issued today, Aptec Holdings announced that it will assume responsibility for up to 14 franchises and distribution agreements formerly held by Tech Data, the regional IT products distributor. Tech Data confirmed that it is withdrawing from the Middle East market and handing its enterprise and components business throughout the region to a new entity, TD M.E. a wholly-owned subsidiary Aptec Holdings. The two companies will work together closely to ensure continuity of business during the period of transition.

     Making the announcement, Dr. A Ali Baghdadi, Chairman and CEO of Aptec Holdings, said: “Aptec has shown how it is possible to succeed even in this most challenging of markets. We are ideally positioned to take on Tech Data’s business in the Middle East and provide continuity to the benefit of customers, suppliers and staff. We can see tremendous opportunities for growing this business and broadening Aptec’s footprint across the Middle East and beyond.”

     Aptec’s TD M.E. business will operate from the current Tech Data office location in Dubai, retaining existing telephone numbers to further enhance business continuity. Tech Data Europe and Aptec also plan to form a strategic alliance that will allow TD M.E. to leverage Tech Data’s central supply organization in Europe.

     Hanspeter Eiselt, Managing Director of Tech Data Middle East commented, “Aptec is a highly respected IT distributor in the Middle East and we are pleased the company has decided to take on the enterprise and components part of our business in the region. Aptec has a strong corporate culture, an in-depth understanding of local markets and of the industry as a whole, factors, that will undoubtedly ensure a smooth transition, providing seamless continuity. We would like to thank our customers and vendor partners, for their support in the past and wish them all continued success with TD M.E.”

     Aptec plans to keep TD M.E. running separately from its existing distribution business and will focus on gaining profitable market share for the major brands it represents.

     TD M.E. will immediately incorporate offices along side existing Aptec branches in Saudi Arabia, Kuwait, Lebanon, Turkey and Egypt. "We see TD M.E. going from strength to strength over the next few years, and contributing significantly to the group's success, further enhancing our position as the region’s leading distribution group" Baghdadi explained. 

 About Aptec

    Aptec (www.apteconline.com) is the leading distributor of IT and telecommunications products in the Middle East, Africa, Turkey and CIS. It has unique regional coverage with offices in the UAE, Saudi Arabia, Egypt, Lebanon, Turkey, Kuwait and Africa. A Long-term reliable player in the Middle East, Aptec has been trading since 1980. Aptec offers a one-stop-shop for a complete range of IT and Telecom products. It serves the region from 5 strategically located warehouses, comprising more than 35,000 sq. ft in warehousing facilities.

 About Tech Data

   Founded in 1974, Tech Data Corporation (NASDAQ GS: TECD) is a leading distributor of IT products, with more than 90,000 customers in over 100 countries. The company's business model enables technology solution providers, manufacturers and publishers to cost-effectively sell to and support end users ranging from small-to-midsize businesses (SMB) to large enterprises. Ranked 107th on the FORTUNE 500®, Tech Data generated $21.4 billion in sales for its fiscal year ended January 31, 2007.

For more information, visit www.techdata.com.  

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