IT products distributor Tech Data has entered into an agreement to acquire Portuguese distributor DLI - Distribuicao e Logistica para Informatica, S.A.
DLI generated EUR 124 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 transaction is subject to regulatory approval and is expected to be completed in the third quarter of 2010.
Tech Data says that the acquisition of DLI marks another step in the execution of its strategy of diversifying its product and customer portfolios, while efficiently leveraging its infrastructure.
"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."