Feeds

Arrow, Avnet carve up Veba

Schroder joins in distie fun

  • alert
  • submit to reddit

Internet Security Threat Report 2014

The world's two biggest electronics and computer component distributors are ganging up to buy the number three.

Schroder Ventures is joining in the fun too, teaming up with Arrow Electronics and Avnet to buy German distie Veba Electronics Group from holding company E.ON for $2.35 billion (E2.6 billion) in cash, including debt. VEG reported 1999 sales of $5.4 billion.

Schroder Ventures Funds will buy Memec,a global computer products distie with annual sales of E1.7 billion. Arrow is taking Veba's US operations - Wyle Components, Wyle Systems and Atlas Services North America, all based in Irvine, California, for $840 million (including debt). Combined 1999 sales in North America were $2 billion

Avnet is stumping up $740 million, including the assumption of debt, for its slice of the carve-up.

It gets the Munich, Germany-headquartered EBV Group, comprised of EBV Elektronik and WBC, both pan-European semiconductor distributors, and Munich-based Atlas Services Europe, logistics provider for the EBV Group; and Nettetal, Germany-based RKE, a computer products and services distributor. The combined companies with 1900 employees, reported 1999 sales of $1.8 billion, according to Avnet. ®

Beginner's guide to SSL certificates

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.