Savex Technologies, Mumbai-based India’s third-largest Information and Communication Technology distributor has signed a definitive agreement to buy a majority stake in the Bengaluru-based Value Added Distributor Inflow Technologies. The value for which this acquisition deal has been signed is undisclosed. The acquisition process will be completed through the next two years. As of now, Savex Technologies will buy a controlling stake and the remaining share will be acquired by 2023.
Both the distributors are well positioned in the Indian distribution space. Inflow Technologies will continue to operate as a separate entity under the leadership of Byju Pillai. Post this acquisition, Inflow Technologies will be significantly benefited by the expertise of Savex Technologies. Savex Technologies has 107 sales offices, and 42 stock locations which caters to more than 12000 partners every month in 750 cities.
Savex is associated with more than 42 manufacturers and sells around 50000 products. The overall operational excellence of Savex Technologies will help Inflow Technologies to further grow its roots and reach to a wider audience.
Whereas, Savex Technologies will also grow its product portfolio after pulling Inflow under its umbrella. The acquisition will definitely augment its security, storage and networking portfolio. The combined revenue will give a huge push to Savex establishment and will further strengthen its leadership position in the Indian distribution market.
Founded in 2005, Inflow Technologies is a niche player in the IT Infrastructure Distribution & Services industry providing Value Added Distribution in Information Security, Networking, AIDC & POS, Infrastructure & Application Software, Storage Management and Electronic Security products & related Services in South Asia with revenue run rate of 1200+ crores. Inflow does business through 1350+ channel partners & one or more solutions is offered to 6500+ end customers.