Distribution giant Tech Data has entered into an agreement to acquire certain assets of Portuguese distributor DLI.
The deal, for an undisclosed sum, is subject to regulatory approval and is expected to close in the third quarter.
The firm, parent company of UK-based Computer 2000, claims the acquisition marks another step in the execution of its strategy of "diversifying its product and customer portfolios" and "leveraging its infrastructure".
DLI, which stands for Distribuicao e Logistica para Informatica, generated €124m in revenue for 2009, mainly serving the Portuguese corporate and retail sectors.
Robert Dutkowsky, chief executive of Tech Data, said: “The acquisition of DLI is yet another example of our strategy to extend our product portfolio to a broader base of customers, while capitalising on the excellent opportunities that exist in today’s market environment.
“Through the use of our strong balance sheet and existing infrastructure, we are making strategic investments that accelerate growth, add scale and strength to our operations, reinforce our position as Europe’s pre-eminent IT distributor, and ultimately enhance shareholders' value."
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