Mega merger approved as Harris Technology embarks on new channel chapter
- 17 July, 2016 06:07
Garrison Huang - CEO and Managing Director, Harris Technology
Harris Technology is embarking on a new channel chapter in Australia, after shareholders approved the mega merger of Anyware, Harris Technology and Shoply.
After green lighting plans by online retailer, Shoply, to acquire a 100 percent stake in the niche IT distributor, Anyware, which also includes Harris Technology, Garrison Huang now takes charge as CEO and Managing Director of the combined companies.
As reported by ARN in March, under terms of the agreement, Shoply’s name will now disappear, being replaced by Harris Technology Group Limited with a ASX code of HT8.
“We believe this name change can enhance the company image because Harris Technology is a well-known name in Australia dating back almost 30 years,” Harris Technology CEO and Managing Director, Garrison Huang, told ARN.
Going forward, Huang said Anyware Corporation will run its business as usual, and remains open to further growth, both organically and through acquisition.
“In fact, we will be more focused on resellers than ever before by giving them the best prices and services,” Huang added.
“We will also look at acquisition opportunities within the IT technology distribution space to further enhance our distribution business.
“Resellers can feel absolutely confident that the listed group of companies will not abuse its position to harm any resellers’ interest.”
Effective immediately, Huang said the eStore and Warcom websites will be merged into Harris Technology business, with both domains now up for sale.
Harris Technology is one of Australia’s largest resellers of technology products and solutions aimed specifically at small and medium businesses, representing key vendor brands such as HP, Microsoft, Lenovo, Samsung and Dell.
“Harris Technology has a very strong tradition on the SMB segment of the market, this will remain as the focus,” Huang explained.
“The group’s key business strategy on e-commerce will be on developing its homeware and baby care product ranges utilising the e-commerce websites of www.yourhomedepot.com.au and www.wowbaby.com.au
“We would like to take advantage of our existing product sourcing partnership based in China and our experience in import and logistic to develop the non-IT side of the business where we feel the growth potential are much bigger.”
In the coming months Huang told ARN that the company will keep working on cost savings with the two merged businesses to deliver “better ROI and shareholder value.”