Tech Data finalizes deal for DLT
Tech Data Corp. (Nasdaq: TECD) has completed its acquisition of DLT Solutions, a software and cloud solutions company focused on the U.S. public sector. Financial terms of the deal, initially announced in late October, were not disclosed. DLT complements Tech Data's existing public sector business with additional expertise and resources to accelerate growth and streamline existing complexities for channel partners serving the U.S. public sector space, a news release said. The acquisition comes in the midst of Tech Data's own sale. The Clearwater IT distributor has agreed to be acquired by funds managed by Apollo Global Management Inc. in a $6 billion deal that would take Tech Data private.