Tech Data Corporation Announces Agreement to Acquire Netherlands-Based Triade Holding

Triade Holding Acquisition Marks Significant Step Forward in Diversification Strategy

Computer 2000 parent company, Tech Data Corporation, has entered into an agreement to acquire the stock of Triade Holding, a privately-held portfolio of value added distributors of consumer electronics, mobility and information technology products in Benelux and Denmark. In a related transaction, Brightstar Europe, a joint venture between Brightstar Corporation and Tech Data, has announced an agreement to acquire Triade company, Mobile Communication Company (MCC), a mobility specialist in Benelux. The transactions are subject to EU regulatory approval and are expected to be completed during the third quarter of fiscal 2011.

The acquisition will significantly expand the Group’s product, vendor and customer portfolios throughout the Benelux region and Denmark. It will also leverage the company’s pan-European infrastructure and add approximately 450 skilled employees. The transaction is expected to be immediately accretive to fiscal year 2011 earnings, excluding acquisition and integration costs.

Triade generated sales of EUR 929 million in 2009 (approximately £773 billion), broken down by product group as follows: approximately 35 per cent consumer electronics, 39 per cent mobility and 26 per cent IT. The transaction’s total enterprise value, including assumed debt, is estimated at EUR 145 million, of which approximately 45 percent relates to MCC, to be acquired directly by Brightstar Europe.

Comments Andy Dow, marketing director at Computer 2000, “This major transaction validates our diversification strategy, moving the Tech Data Group into high growth, specialty product categories. The addition of Triade’s portfolio of companies complements and strengthens our existing European broadline business, accelerates our entry into Europe’s consumer electronics market, and expands our Brightstar Europe joint venture’s mobility footprint, all of which provide a compelling platform for growth.”
Henk Makaske, Chief Executive Officer of Triade Holding, said, “Joining forces with Tech Data will position our Triade Holding companies to continue their successful growth in the future. Our experience in the Dutch, Belgian and Danish markets across IT, consumer electronics and mobility, combined with the financial strength and superior execution capabilities of Tech Data will create excellent opportunities to deliver long-term benefits to our customers and vendors, as well as further career opportunities for our employees.”