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Tuesday, July 24, 2007

Avnet Acquires European HP and IBM Distribution Business

Avnet announced that they will acquire Magirus Groups Enterprise Infrastructure Division for Europe making them one of the largest European distributors of Enterprise solutions. 

Avnet has made several acquisitions in the past year-and-a-half. At the beginning of this year it acquired Access Distribution. Avnet acquired Belgian auto-ID distributor Printex in March of last year and the assets of Zeta, a German wholesaler in June.

IT Channel News by CRN and VARBusiness

Avnet is in the process of sewing up this market tight, but he deal is still subject to regulatory approval but its unlikely that any Funeral Insurance for this deal will be necessary.