- Associated Press - Friday, October 1, 2010

CLEARWATER, FLA. (AP) - Information technology products distributor Tech Data Corp. said Friday it has closed its acquisition of Netherlands-based Triade Holding BV.

Tech Data agreed to buy Triade in August to accelerate its entry into Europe’s consumer electronics market. Including debt, Tech Data valued the deal at $189 million.

In addition, Brightstar Europe, a joint venture between Brightstar Corp. and Tech Data, closed its acquisition of Triade subsidiaries Mobile Communication Company BV and MCC Belgium NV, paying $54 million.

Shares of Tech Data slid 25 cents to $40.05 in afternoon trading.



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