Mergers: Commission clears the acquisition of Tech Data by Apollo
Daily News 25 / 03 / 2020
Source: European Commission Spokesperson's Service
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over Tech Data Corporation (“Tech Data”) by Apollo Management LP (“Apollo”), both of the US. Tech Data is active in the wholesale distribution of technology products and solutions to resellers. Apollo manages investments funds with focus in the chemical, hospital, security, insurance, financial services and real estate industries. The Commission concluded that the proposed acquisition would raise no competition concerns, in view of the limited horizontal and vertical relationships existing between the companies’ respective businesses. The transaction was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.9689.