(Markham, Ontario–Aug. 1)–CDI Computers Dealers Inc. (CDI), one of the largest re-marketers of IT equipment in North America, announces the acquisition of Techno-Trade Canada wholesale and brokerage division, one of the leading manufacturers of whitebox systems and IT remarketing.
The purchase of Techno-Trade will increase an already robust offering of refurbished computer hardware through the increase in CDI’s purchasing portfolio. In addition, Erez Pikar, current Techno-Trade Owner and President, will be joining the CDI management team in the role of Director of Purchasing. Mr. Pikar brings with him 15 years of experience in the computer industry and will work to merge the purchasing expertise of CDI and Techno-Trade into the premier source of refurbished IT equipment in North America.
The combination of CDI and Techno-Trade’s purchasing and selling power will provide CDI’s customers with the widest assortment of product, at competitive pricing, while retaining the quality for which CDI has become known.
“CDI is very excited about investing in our business and our future through the acquisition of Techno-Trade. We are confident that this acquisition will ensure our continued dominance of the industry and will be an excellent complement to our current offerings and expertise. In these times of increasing market pressure, an acquisition of this magnitude positions us for increased and continued prosperity,” said Saar Pikar, General Manager and Senior Vice President of CDI.
According to Jeff Ehlers, CEO of Relational, LLC, CDI’s parent, “We believe that CDI is in an excellent position in the market place of refurbished computers and the sale of technology equipment to its clients. The acquisition of Techno-Trade further strengthens that position and further emphasizes the confidence we have in CDI’s management team and position in the market place. This acquisition strategically positions CDI as a leader in the market. The expertise gained from the management and sales team of Techno-Trade provide CDI with even greater opportunity to grow.”
The retail division of Techno-Trade is not included in the acquired wholesale and brokerage business and will continue operating in Ontario.
Closing date for the acquisition was July 27, 2006.
About CDI Computers
Since 1981, CDI Computers (www.cdicomputers.com) has been changing the way used computer equipment is sold. Today, we are one of the largest re-marketers of IT equipment in North America. And the reason is simple. We believe in listening to our customers’ needs and providing service that exceeds your expectations. In 1998, CDI became a wholly owned subsidiary of Relational Technology Services, one of the largest IT portfolio management companies in North America. The Relational family of companies is responsible for managed assets of more than $1 billion.
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