Feeds

Avnet pops out for a little Italian

Snaffles two Euro-disties as part of its Continental drift

  • alert
  • submit to reddit

3 Big data security analytics techniques

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. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.