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Savex Technologies to buy Inflow Technologies for an undisclosed sum
May 07, 2021
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Inflow Technologies, a niche player in the IT infrastructure distribution services market in India and South Asia, has revenues of about $350 million (about ₹2,586 crore)
Mumbai-headquartered Savex Technologies, India’s third largest Information and Communication Technology (ICT) distributor, has signed an agreement to acquire Bengaluru-based Inflow Technologies Pvt Ltd for an undisclosed sum.
Under the contours of the deal, Savex will immediately acquire a significant majority in Inflow Technologies and the remaining stake will be acquired over the next two years. Following the deal, revenues of Savex Technologies’, which competes with companies such as Redington India and Ingram Micro, will immediately rise to about $3 billion from $2.5 billion.