Tech services firm WWT acquires Canadian IT provider Softchoice in all-cash deal
World Wide Technology has acquired Canadian IT provider Softchoice for C$1.8 billion in an all-cash deal approved by Softchoice's board.
MAIN POINTS
- World Wide Technology announced the acquisition of Softchoice.
- The deal is valued at C$1.8 billion (~$1.25 billion).
- It is an all-cash transaction.
- Softchoice's board unanimously approved the acquisition.
TAKEAWAYS
- The acquisition marks a significant expansion for World Wide Technology.
- Softchoice's valuation reflects its importance in the IT sector.
- The unanimous board approval indicates strong support for the deal.
- This acquisition concludes an eventful year in the tech industry.