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Distributor News

Tech Data Buys Scribona

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Tech Data Buys Scribona

Scribona, Scandinavia’s broadliner distributor with revenues of 873 million Euro, grows tired of cost-cutting, krona-pinching and closing offices ...and sells out to pan-European rival Tech Data.

Scribona had 14,456,937 reasons to sell out as that matches their latest losses in Euro on their 2007 Annual Report. (Based on today’s currency exchange.)

Tech Data, driving a good bargain, will pay only the net asset value for inventory, some intellectual property, material contracts, office Continue reading...

Stung SMG Files for Danish Bankrupcy

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After SMG relinquished pan-Scandic business by selling their Swedish and Norwegian subsidiaries to GNT group, Danish distributor SMG discovered the hard way that they had become “too small.”

Several vendors (Intel, AMD and Maxtor, among others) ended their partnership with SMG after the sale in September 2006. MD Ole Mortensen and Chairman Mark Keough still hope for new investors.

SMG’s Web Site Shows No Sign Yet

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