EU approves mega distie merger
- 25 March, 2003 12:54
The European Commission has given the go-ahead for US-based Tech Data's acquisition of Azlan Group, a UK-based networking services company.
The Commission investigated the market for distribution of IT products and the indirect distribution of data networking products. This is where the European Union's competition regulator suspected the firms' activities would overlap.
"The operation does not raise any serious competition concerns on these product markets regardless of whether the market is national or European," the Commission concluded.
Tech Data is a distributor of PC-related hardware and software products to computer retailers throughout the U.S., Canada, Latin America, the Caribbean and in Europe. The firm offers after-sale support, training and financial services to its customers.
Azlan is a U.K.-based, pan-European distributor of networking products. It offers networking-related services in Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the UK.