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Avnet to buy division of JBA Holdings London

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Avnet is to buy the JBA Computer Solutions Division of JBA International, it announced. Yesterday we reported that Avnet was on the acquisition trail. (Story: Avnet hot to acquire in Australia and Europe) Although financial terms for the acquisition were not given, turnover for the US division in 1998 is expected to be around the $120 million mark. But this will not be Avnet's last acquisition. Our sources tell us that is embarking on a heavy expansionist trail both in Europe and Australia. ®

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