Components distributor claims its position is strengthened following Teledata investment
Components distributor eSys has received a financial injection of US$100m from Indian software and services company Teledata Informatics Ltd.
The "strategic investment" is designed to help Singapore-based eSys maintain its growth and provide it with a war chest to fund acquisitions.
"We see it as a strategic infusion which will help eSys consolidate its position as the market leader in IT distribution and strengthen its position as a leading PC maker," said Vikas Goel, managing director at eSys, who will also join the board of directors at Teledata.
eSys claims the investment will allow it to "continue and consolidate the growth" that has seen it develop into one of the top components wholesalers in the world since its inception six years ago.
During that time it has grown sales from US$108m to US$2 billion and now employs more than 1,100 staff across 30 countries. The company - which distributes brands including Samsung and BenQ - also operates PC assembly plants in four countries, including the UAE.
K. Padmanabhan, managing director at Teledata, said: "We were very impressed by the growth which eSys achieved in a short span of time. Their business model is robust, and we see our investment as an opportunity to partner in eSys' growth. The synergy between eSys and Teledata would accelerate the business levels with tremendous prospects."
2,600-strong Teledata Informatics is a US$273m software firm that provides enterprise-wide solutions for the marine, education, telecoms and utility sectors. The company boasts total tangible assets worth more than US$136m.For all the latest tech news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.