Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Components | July 05, 2012

Avnet acquires the Magirus Group

Avnet is to acquire the Magirus Group (Magirus), a pan-European distributor of data center solutions and services. The transaction, which is subject to normal regulatory approvals, is expected to close in October 2012.
Phil Gallagher, president of Avnet Technology Solutions, Global, commented, “The acquisition of Magirus will significantly enhance our competitive position in Europe and the Middle East by expanding our suite of solutions in high-growth technologies. Magirus increased its revenue 20 percent in calendar 2011, delivering powerful, flexible and cost-effective data center solutions from a breadth of suppliers, including Cisco, VMware and EMC. We welcome the knowledge and expertise of their talented management team and staff, who will allow us to further enhance the value we provide to our customers and suppliers.”

Graeme Watt, president, Avnet Technology Solutions EMEA added, “Magirus is a high quality focused business and represents an excellent expansion to our current operations as it adds complementary product lines across the region while meaningfully increasing our scale in important markets including Germany and France. Magirus’ position with market-leading suppliers in high growth technologies will bolster our solutions practices and create significant cross-selling opportunities in the combined customer base. Its business model is a strong fit with our strategy to provide more value-add services, and the combined expertise of both organizations will enable us to accelerate the success of our customers and suppliers.”

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Load more news
November 14 2017 8:30 PM V8.8.9-1