Tech Data Acquires Triade Holding
Stepping forward into its diversification strategy, Tech Data, an IT software and hardware distributor, announced it acquired Triade Holding, a portfolio of value-added distributors based in the Netherlands.Tech Data, a distributor of IT products, announced it has entered into an agreement to acquire the stock of Triade Holding, a privately held portfolio of value-added distributors of consumer electronics, mobility and IT products in Benelux and Denmark. In a related transaction, Brightstar Europe, a joint venture between Brightstar and Tech Data, has announced an agreement to acquire Triade company Mobile Communication Company, a mobility specialist in Benelux. The transactions are subject to approval of European Union regulatory authorities and are expected to be completed during the third quarter of fiscal 2011, according to a Tech Data release.
The acquisition of Triade Holding expands Tech Data's product, vendor and customer portfolios throughout the Benelux region and Denmark, leverages the company's pan-European infrastructure and adds approximately 450 skilled employees. The transaction is expected to be immediately accretive to fiscal year 2011 earnings, excluding acquisition and integration costs.