Tech Data sells Chile, Peru operations

CLEARWATER — Tech Data Corp. says it has completed its sale of divisions in Chile and Peru to Ingram Micro, and will leave Uruguay next.

Terms of the deal were not disclosed.

The Clearwater technology wholesale distributor, which trades on the Nasdaq under the symbol TECD, says the sale will allow it to refocus its efforts on expanding its Latin American export business in Miami, as well as existing operations in Mexico. Eduardo Coronado leads operations in that country now, which Tech Data says has a more developed information technology market.