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Sirius is a provider of secure, mission-critical technology-based solutions for ~3,900 large and mid-sized customers. It generated net sales of $2.04 billion in 2020.
The combined company would have had 2020 net sales of $20.5 billion. The acquisition will likely deliver gross margin, non-GAAP operating income (NGOI) margin, and non-GAAP EPS accretion.
The transaction can significantly accelerate CDW's services and solutions capabilities and further enhance solving customers' increasingly interconnected and complex technology challenges.
CDW expects the transaction to close in December 2021.
CDW has committed financing for the transaction. It held $501.2 million in cash and equivalents as of June 30.
Price action: CDW shares closed higher by 2.13% at $177.72 on Friday.
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