Aptec Holdings in major Mid East expansion

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 of 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 organisation 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.