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Tuesday, May 24, 2016
VOLUME -25 NUMBER 12
Publication Date: 12/1/2010
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December 2010 Issue
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Tech Data Completes Acquisition of Triade Holding
Clearwater, FL — IT productsdistributor Tech Data Corporation (Nasdaq:TECD) has completed the acquisition of Netherlands-based Triade Holding B.V. ("Triade"), a privately-held portfolio of leading value-added distributors of consumer electronics, mobility and information technology (IT) products in Benelux, Denmark and Norway.
In addition, Brightstar Europe, a jointventure between Brightstar Corp. and Tech Data Corporation, has completed its acquisition of Triade subsidiaries Mobile Communication Company B.V. and M.C.C. Belgium NV ("MCC"), mobility specialists in Benelux.
The acquisition of MCC by Brightstar Europe represents the joint venture's first direct acquisition; therefore, MCC's results will not be consolidated in Tech Data's financial statements. Instead,Tech Data will account for 50 percent of MCC's results through an "income/(loss) from joint venture" line item below operating income.
Contact: Tech Data Corporation, 5350 Tech Data Drive, Clearwater, FL 33760
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