A total of 121,481,742 shares were voted in favour of the $65.5 million buyout. Votes against amounted to 83,250, while 35,240 abstained.
The vote took place at a general meeting held on March 14 at Dicker Data's Kurnell office, which has recently been expanded to accommodate staff intake.
The distributor has taken on a $140m debt to fund the purchase. A credit line of $130m has been agreed to with Westpac Bank, which includes a $65.5m cash advance in the form of a bridging facility for a period of 18 days.
This was required as Express Data parent, Dimension Data (DiData), would not assist in facilitating the financial assistance of the Corporations Act.
Dicker Data also secured a loan of $10m from Investec to provide overhead during the integration period which will commence from April 1 at the completion of the takeover.
In the meantime, Express Data will continue to operate as normal.
Sign up for MIS Asia eNewsletters.