BRUSSELS, Sept 22 U.S. technology products
company Tech Data Corp (TECD.O) and electronics product company
Brightstar Europe won European Union regulatory approval on
Wednesday for its takeover of Dutch firm Triade Holding.
Tech Data said in August that the deal's total enterprise
value, including assumed debt, was about 145 million euros
($192.7 million), with benefits expected in the fiscal year 2011
The European Commission, the EU competition watchdog, said
the deal would not pose any competition concerns.
"The combined market shares of the parties remain moderate
in all of these markets. The Commission's investigation also
confirmed that the parties would continue to face a sufficient
number of competitors in these markets," the EU executive said
in a statement.
(Reporting by Foo Yun Chee, Editing by Charlie Dunmore)