Synnex, Indonesian firms partner up in joint venture


CNA

TAIPEI — Synnex Technology International Corp., a Taiwanese electronic product retailer, said yesterday that it has joined forces with Indonesia-based P.T. Metrodata Electronics, Tbk. in a joint venture to enter the market in the Southeast Asian country.

Synnex said the new company, called P.T. Metrodata E Bisnis, is capitalized at 300 billion Indonesian rupiah (US$33.73 million), with each of the two partners taking a 50 percent stake through their own wholly owned subsidiaries.

P.T. Metrodata Electronics, founded in 1983, is a member of the Metrodata business group, a leading player in information communication technology since 1975.