Original URL: http://www.channelregister.co.uk/2007/09/27/avnet_to_acquire_acal/
Electronics distie Avnet said today that it will acquire the IT solutions arm of Storage Area Networking (SAN) reseller Acal plc for a cash consideration of £41m.
The firm said it has reached a "definitive agreement" with Acal, which punts products that include Cisco, Brocade, Qlogic, and Kodak to the European market.
Once the deal – which is subject to approval by Acal shareholders and EU merger control clearance – closes, 180 Acal staff will be integrated into Avnet's technology solutions EMEA division.
Acal chairman Richard Moon said: "Following a strategic review last year the board of Acal plc has concluded that the development of its IT solutions business would be best served as a part of a larger organisation with an international reach."
Throwing its pan-European net wide, Avnet announced earlier this week that it had also agreed to buy Berlin-based components distie Betronik GmbH for an undisclosed sum. ®
Tech deals boost M&A activity (19 October 2007)
http://www.channelregister.co.uk/2007/10/19/ireland_mergers_acquisitions/
Avnet now proud owner of Magirus enterprise biz (9 October 2007)
http://www.channelregister.co.uk/2007/10/09/avnet_magirus_acquisition/
ARM to bash 'non-issue' Intel with multi-core chip (3 October 2007)
http://www.theregister.co.uk/2007/10/03/arm_cortex_a9_intel/
Crisis? What crisis? (27 August 2007)
http://www.channelregister.co.uk/2007/08/27/credit_crunch_exchange_rates_channel/
Magirus says Avnet deal is 'win-win' for all (27 July 2007)
http://www.channelregister.co.uk/2007/07/27/magirus_solution_avnet/
Avnet takes HP and IBM chunk out of distie Magirus (19 July 2007)
http://www.channelregister.co.uk/2007/07/19/avnet_acquires_magirus_eid/
Avnet doubles Sun reseller fleet (26 June 2007)
http://www.channelregister.co.uk/2007/06/26/avnet_sun_numbers/
Logicalis buys NC HP reseller (4 June 2007)
http://www.channelregister.co.uk/2007/06/04/logicalis_acquisition/
Avnet buys Access Distribution (8 November 2006)
http://www.channelregister.co.uk/2006/11/08/avnet_buys_access/
Kingston signs Avnet (2 February 2006)
http://www.channelregister.co.uk/2006/02/02/kingston_signs_avnet/
EC waves through Avnet's Memec takeover (28 June 2005)
http://www.channelregister.co.uk/2005/06/28/ec_approves_avnet_memec_buy/
© Copyright 2008