- 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.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide