Climb Global Solutions (CLMB) said Thursday it has completed the acquisition of France-based NeoVAD for an aggregate purchase price of about 16 million euro ($17.9 million).
The acquisition is expected to be accretive to earnings and adjusted EBITDA, the company said.
NeoVAD is a value-added IT distributor focused on cybersecurity, cloud services and virtualization that serves reseller partners across the French market, Climb Global Solutions said.
Shares of Climb Global Solutions were up 1.8% in Thursday trading.
Price: 31.88, Change: +0.55, Percent Change: +1.76
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