The Channel logo

News

By | Kelly Fiveash 19th July 2007 13:37

Avnet takes HP and IBM chunk out of distie Magirus

Today Europe, tomorrow, the world...

Avnet is to acquire the European enterprise infrastructure division (EID) of HP and IBM distributor Magirus Group.

Financial terms were undisclosed, but the deal will see Avnet, which dishes out electronic components to resellers, grow to being one of the largest disties in Europe.

The firm said Magirus EID will be integrated into the technology solutions arm of its European operation.

The agreement with Avnet will see Magirus handing over the distribution of IBM and HP servers, storage systems, software, and services to resellers in Austria, Denmark, Germany, Italy, Sweden, Switzerland, the UK, and Dubai.

Acquisition-happy Avnet, which in the past 18 months has clocked up deals with several European disties, said its latest deal will net the firm an extra 1,300 reseller customers as well as 140 staff.

Chairman and CEO Roy Vallee said Avnet is continuing to eye up EMEA with the hope of expanding its market reach beyond Europe.

The agreement, subject to regulatory approval, is expected to close in October this year, with the firm aiming for full integration by June 2008. ®

alert Send corrections

Opinion

Walking on water, image via Shutterstock

Chris Mellor

IDC stats reveal who's who in the backup appliance bearpit
Carry on Cleo

Gavin Clarke

Infamy, infamy, Amazon and Microsoft have all got it in for me!

Tim Anderson

Also signals stronger cross-platform tools, access to new markets

Features

Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers
single pain of glass