TD SYNNEX to acquire specialty distributor BlueStar

TD SYNNEX has entered into a definitive agreement to acquire BlueStar, a specialty technology distributor. The acquisition aims to integrate BlueStar’s expertise in sectors such as Automatic Identification and Data Capture (AIDC), operational technology, RFID, point-of-sale, robotics, and security technologies with TD SYNNEX’s global reach.

The specific purchase price and financing terms for the transaction have not been disclosed. The deal remains subject to customary regulatory approvals and other closing conditions. Upon completion, both businesses are expected to continue operating independently.

This announcement follows TD SYNNEX’s fiscal third quarter results, which reported a net income of $416.2 million alongside an operating cash outflow of $916.7 million. These financial results predated the BlueStar agreement.