Agreement enables expansion of product offerings to a wider customer base
Tech Data Corporation, a leading distributor of IT products, today announced that it has entered into an agreement to acquire certain assets of Portuguese distributor DLI - Distribuição e Logística para Informática, S.A., including inventory, certain receivables, key personnel and its customer list. The transaction is subject to regulatory approval and is expected to be completed in the third quarter of 2010.
The intended acquisition of DLI marks another step in the execution of Tech Data's strategy of diversifying its product and customer portfolios, while efficiently leveraging its infrastructure. With DLI, Tech Data will expand its presence in Portugal, enhance its vendor portfolio, extend its customer reach, and add a team of highly trained and experienced individuals with specialist knowledge in specific product and customer segments.
DLI generated €124 million (approximately $157 million) of revenue in 2009 and is an established IT distributor with a varied vendor portfolio, serving customers predominantly in the Portuguese corporate and retail sectors.
"The acquisition of DLI is yet another example of our strategy to extend our product portfolio to a broader base of customers, while capitalizing on the excellent opportunities that exist in today's market environment," said Robert M. Dutkowsky, Tech Data's chief executive officer. "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."