Information technology distribution company Tech DataÂ (Nasdaq: TECD)Â has completed its acquisition of DLT SolutionsÂ for approximately $205M in cash in a push to advance growth initiatives and create opportunities for channel partners in the public sector.
Tech Data initially announced the deal in late October and disclosed the purchase price through a Securities and Exchange CommissionÂ filing.
Herndon, Va.-based DLTÂ is a government technology aggregator focused on providing customers access to software, cloud, big data and analytics, cybersecurity and other IT offerings through its spots on several contract vehicles.
Tech Data received a new takeover offer from Tiger Midco, an affiliate of funds managed by alternative investment managerÂ Apollo Global Managementâs (NYSE: APO) affiliates. Tiger Midco moved to increase its offer for Tech Data from $130 in cash per share to $145 per share, or approximately $6B, under an amended deal.