TD Synnex (SNX) was traditionally an IT distributor, playing the role of connecting original equipment manufacturers (OEMs) like HP, Dell, and Lenovo to corporate customers and resellers.

However, through a series of strategic acquisitions over the past decade, the company has transformed itself into a leading global solutions aggregator for the IT ecosystem.

As a distributor, TD Synnex’s core business involved distributing hardware from OEMs and selling it primarily to other companies and resellers. With the rise of cloud computing, software, and digital technologies, the market has shifted towards integrated solutions that combine both hardware and software.

Recognizing this trend, TD Synnex embarked on an acquisition strategy in the 2010s. Major acquisitions included Westcon Group in 2017, and Tiger Parent in 2021.

This transformed TD Synnex into a one-stop-shop solutions provider that could integrate different products from its vendor partners like Intel and Samsung into comprehensive technology solutions.

As a solutions aggregator, TD Synnex brings together the best technology vendors and uses its scale and expertise to integrate their individual products into optimized solutions.

This provides significant value to end customers by creating efficiently functioning IT ecosystems tailored to their needs. TD Synnex’s digital platforms and services also help partners deliver these integrated solutions faster.

TD Synnex’s transformation has paid dividends, with its Uniform return on assets (‘‘ROA’’) increasing thanks to the higher-margin solutions business.

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