Tech Pacific acquires Merisel

PUBLISHED : Sunday, 10 March, 1996, 12:00am
UPDATED : Sunday, 10 March, 1996, 12:00am

FIRST Pacific Co's mobile telephone arm Tech Pacific Holdings has acquired Merisel Australia, Australia's second largest distributor of information technology products.

Merisel would become part of Tech Pacific's operations in Australia, First Pacific said in a statement. It did not disclose the price for the acquisition, but said it was not substantial.

First Pacific said the acquisition would reinforce Tech Pacific's position as the biggest broadline information technology distribution company in Australia.

Tech Pacific's turnover was A$907 million (about HK$5.38 billion) in 1995, up 60 per cent from 1994. Merisel's was $140 million.