Feeds

Avnet pops out for a little Italian

Snaffles two Euro-disties as part of its Continental drift

  • alert
  • submit to reddit

Mobile application security vulnerability report

Avnet is to buy two Italian distributors as part of its European expansion. The Arizona-based distributor will add PCD Italia and Matica, both based in Milan, to its growing stable of European companies. Earlier this year, Avnet landed itself an AMD franchise in the UK by acquiring UK distributor Flashpoint via its buyout of Marshall Industries. PCD Italia and Matica reported combined sales of $120 million for the year ended 31 December 1998, and will add their 60 employees to the Avnet group. PCD Italia is a distributor for IBM and Sun Microsystems, while Matica sells Hewlett-Packard. Both will join Avnet's Computer Marketing Group as part of its Hall-Mark Global Solutions division. PCD's main products include IBM AS/400, IBM RS/600, IBM printing, storage and software and Sun workstations and servers. Matica's include HP servers. Roy Vallee, Avnet chairman and CEO, said the company was looking to acquire more companies in the area to enable it to break into new sectors. "We are seeking to acquire companies on the Continent that will strengthen our efforts in providing the highest value relationships to our customers and suppliers, and expand our business into new markets," he said. The company said the integration of the Italian companies should run smoothly as both showed a similar culture to Avnet. Hall-Mark's sales in Europe reached $117 million for this financial year. This figure will be doubled by these latest acquisitions. The Hall-Mark division also operates in North America, Austria, Australia, the Czech Republic, Germany, Hungary, Poland and Switzerland. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.