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Electronics Production | May 04, 2010

Avnet to acquire Tallard Technologies

Avnet has entered into a definitive agreement to acquire the Tallard Technologies companies (Tallard), part of Itautec S.A. - Grupo Itautec.
Tallard is a value-added distributor focused on delivering solutions from key global brands to customers throughout Latin America. From its headquarters in Miami, Florida, Tallard distributes servers, software, peripherals, convergence equipment and enterprise integration services directed toward resellers, solution providers and systems integrators.

"This acquisition further supports our strategy to expand our distribution of data center products into high-growth markets in Latin America. Building on our recently announced agreement to acquire Bell Microproducts, which also has a presence in Latin America, the addition of Tallard will add scale and scope in this growing region," commented Phil Gallagher, president, Avnet Technology Solutions, Global.

With more than 150 employees and an extensive reseller base, Tallard provides value-added services in 30 countries throughout Latin America, including Argentina, Brazil, Chile, Columbia, Ecuador, Mexico and Venezuela.

The operations of Tallard Technologies will be integrated into Avnet Technology Solutions, Americas. The acquisition is expected to be immediately accretive to earnings and supports Avnet's return on capital goals.

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