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See the best of Reuters photography. See more | Photo caption Disputed islands Disputed islands in the East China Sea have been a flashpoint between several countries. Slideshow Michael Clarke Duncan: 1957-2012 Michael Clarke Duncan, nominated for an Academy Award in the 1999 drama "The Green Mile," dies at the age of 54. Slideshow Tech Data bulks up European business with $350 million deal Tweet Share this Email Print Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Wed Sep 5, 2012 7:59am EDT (Reuters) - Technology products distributor Tech Data Corp will buy several distribution companies from UK-based IT services provider Specialist Computer Holdings for about $350 million, adding heft to its European business. Technology distributors typically expand their geographical reach through acquisitions, and the latest deal marks Tech Data's second acquisition in the region this year. The company, which gets 59 percent of its sales from Europe, said the distribution firms it is acquiring are based in the UK, France and the Netherlands and specialize in data center and enterprise software products. The firms generated third-party sales of about $1.75 billion for the year ended March 31, Tech Data said. The deal also includes a five-year supplier agreement with Specialist Computer that Tech Data estimates will add incremental annual sales of about $500 million. The acquisition of these companies strengthens Tech Data's enterprise business, Azlan, as well as expand its vendor and customer portfolios in Europe, the company said in a statement. The deal is expected to close by the fourth quarter of fiscal year 2013. In July, it entered a deal to buy out Brightstar Corp's 50 percent holding in their joint venture Brightstar Europe Ltd, a distributor of mobile devices, for $165.6 million in cash [ID:nL3E8IB3IG]. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Don Sebastian and Saumyadeb Chakrabarty) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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