Avnet announced it has completed its acquisition of
value-added IT distributor Amosdec SAS. Founded in 1990, Amosdec is 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 percent within two years.
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,” said Graeme Watt, president of Avnet Technology Solutions,
Europe, Middle East and Africa.
By Telecomlead.com Team