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Tech Data Closes Acquisition of Public Sector-Focused Software Firm DLT Solutions
Monday 02 December 2019

2 December 2019 - US-based IT products and services distributor Tech Data (NASDAQ: TECD) has closed the acquisition of US public sector-focussed software and cloud solutions aggregator DLT Solutions, the company said.

Upon closing of the transaction, DLT will become a wholly owned subsidiary of Tech Data.

Tech Data said that, by bringing deeper specialisation in the federal, state and local markets, the addition of DLT enables Tech Data to proactively develop opportunities, accelerate growth and simplify complexity for its channel partners that are serving the US public sector space.

Headquartered in Herndon, Virginia, DLT is a government solutions aggregator that accelerates public sector growth for business partners that serve the federal, state and local markets. DLT creates value by providing access to a robust network of channel partners and a portfolio of more than 50 in-house contract vehicles.

Tech Data offers a portfolio of products, services and solutions, highly specialised skills, and expertise in next-generation technologies to enable channel partners to bring to market the products and solutions.

DLT was represented in this transaction by Evercore.
Details
Date Published: 02/12/2019
Target: DLT Solutions
Country: USA
Sector: IT/Online Services
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Tech Data,  
Comment:
Terms of the deal were not disclosed

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