Avnet Completes the Acquisition of French Value-added Distributor Amosdec SAS Substantially Increasing Its Presence and Solutions Capability in France
Phoenix, Ariz., July 5, 2011 – Avnet, Inc. (NYSE:AVT) announced today that it has completed its acquisition of value-added IT distributor Amosdec SAS. Founded in 1990, Amosdec is a leader in the field of virtualization and storage management solutions throughout France. During the 2010 calendar year, Amosdec generated revenue of approximately US$90 million. This acquisition is expected to be immediately accretive to earnings and achieve Avnet’s return on capital goal of 12.5% within two years.
Graeme Watt, president of Avnet Technology Solutions, Europe, Middle East and Africa (EMEA), commented, “The acquisition of Amosdec provides Avnet Technology Solutions’ a significant platform to build upon in France, EMEA’s third largest IT market. The combination of Amosdec’s strong leadership and talented employees will allow us to expand our scale and scope in this market and strengthen our solutions offering with the addition of new supplier franchises to our line card.”
Headquartered in Paris, Amosdec offers technical consultancy and training, pre-sales support and installation services to its 500+value-added reseller (VAR) partners. Amosdec is recognized for its expertise in VMware virtualization technology and for its leadership in introducing new VMware ecosystem solutions in France. Amosdec will be integrated into Avnet Technology Solutions, EMEA, an IT solutions distribution leader.
About Avnet
Avnet, Inc. (NYSE:AVT), a Fortune 500 Company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers in more than 70 countries worldwide. Avnet accelerates its partners’ success by connecting the world’s leading technology suppliers with a broad base of more than 100,000 customers by providing cost-effective, value-added services and solutions. For the fiscal year ended July 3, 2010, Avnet generated revenue of $19.16 billion. For more information, visit www.avnet.com. (AVT_IR)
Visit Avnet’s Investor Relations Website at www.ir.avnet.com or contact us at investorrelations@avnet.com.
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