From Nasdaq:

TD SYNNEX Corporation’s wholly owned subsidiary, Shyft Global Services, has acquired Cokeva, Inc., a leader in the repair, test, and refurbishment of IT equipment. With this acquisition, Shyft strengthens its expertise in depot repair services and adds a 220,000-square-foot facility in Roseville, CA, to its global landscape.

The acquisition is valued as it enhances technology services by integrating Cokeva’s experienced repair professionals and a world-class facility into Shyft. Cokeva has excelled in high-complexity IT repair and refurbishment markets, earning a reputation for exceptional customer service, quality, and sustainability.

Shyft has strategically strengthened its role as a go-to repair partner for leading OEMs across various industries with the acquisition of Cokeva. It showcases Shyft’s commitment to global sustainability and delivering eco-conscious repair solutions.

TD SYNNEX Corporation’s sustained focus on partnerships with other tech companies such as Meta Platforms, Microsoft, and Alphabet is helping it enhance its product portfolio and expand its global footprint. These partnerships are crucial in positioning the company in the tech market.
Expansion through partnerships has benefited TD SYNNEX, with Meta Platforms selecting it as an exclusive North American distributor for its new suite of business products. Additionally, the company has entered a new cloud solution portfolio with Google Cloud in various nations.

Furthermore, Zacks Investment Research highlights the potential of a semiconductor stock with strong earnings growth and an expanding customer base in the AI, Machine Learning, and Internet of Things segments. This semiconductor stock is projected for significant growth amidst explosive industry demand.



Read more: TD SYNNEX’s (SNX) Shyft Buys IT Refurbishment Expert Cokeva