Articles about Avnet

euros_channel_money

Micro P parent does it AGAIN, kicks recession in nackers

DCC Sercom, parent of Brit IT distie Micro P and games console wholesaler Gem, has again laughed in the face of a flatlining local economy. Turnover in the tech division of Irish conglomerate DCC grew 17.9 per cent to €2.27bn (£1.92bn) for the year ended 31 March 2013, and a whopping 16.8 per cent of this was organic. The …
Paul Kunert, 14 May 2013
Avnet TS

Avnet welds services tentacles into one mighty arm

Distributor goliath Avnet Technology Solutions has rounded up its disparate portfolio of acquired service providers into one unit as traditional product sales continue to wane. The Avnet Services team was created to "increase operational efficiencies" by merging the firm's software, lifecycle and training services operations …
Paul Kunert, 1 May 2013

Enormo-distie Avnet's profits nosedive FORTY PER CENT

Avnet chief Rick Hamada said his IT distribution giant will need to cut another $40m in costs to turn itself around - after its net income dropped nearly 42 per cent in its fiscal third quarter. Hamada said the new cost reductions should be done by the end of the next quarter, bringing its entire savings for this fiscal year …

Avnet sales bigwig Bryant to hop off after Easter

Avnet Technology Solutions sales director Denise Bryant will up sticks and leave the biz next month. Bryant was UK boss at distie Magirus until it was acquired by Avnet last year. She joined her new employer as one of four sales directors, focusing on the EMC, VCE and NetApp vendor franchises. It seems the corporate world of …
Paul Kunert, 27 Mar 2013
Azlan

TD Azlan set to rock up at EMC, murmur sources

EMC is to sign up TD Azlan as its third UK distie with a specific focus on the small biz space, The Channel can reveal. Distribution has been a tinker-free zone for EMC since it hauled in Arrow at the start of 2010: but with a raft of SME tech in the pipeline the vendor undertook a review of its roster. Sources close to the …
Paul Kunert, 25 Mar 2013
Avnet TS

Avnet CEO: Sales flat, profit down... but 'outlook' is better

Avnet's CEO says the distributor is moving in the right direction after reporting fiscal Q2 numbers that were dramatically better than the opening three months of its new financial year. Sales came in essentially flat on a year ago period at $6.7bn but contain the financials of four firms acquired in October and November …
Paul Kunert, 24 Jan 2013
IBM logo

IBM to pump Power Systems through Tech Data, Ingram Micro

Big Blue is boosting the size of the Stateside distribution channel that sells its Power Systems servers and enterprise storage by inking master distributor agreements with Ingram Micro and Tech Data. With the new deal, IBM is hoping to boost its profile among small and midrange businesses in particular, a growing market which …
Avnet TS

Avnet TS confirms EMEA exec line-up

Avnet Technology Solutions has tweaked its organisational structure in EMEA and named those execs with a seat at the top table after completing the acquisition of Magirus. Joining the senior management team in the region, Christian Magirus, COO at the self titled distie becomes veep for services. The channel veteran will look …
Paul Kunert, 30 Oct 2012
Avnet TS

Avnet looking to cut costs AGAIN

Avnet CEO Rick Hamada has described fiscal Q1 numbers as a "disappointing setback" with profits falling steeply and further cost cutting required. The distie titan already revealed plans to lop a load of costs to help out the bottom line when it unveiled preliminary Q1 figures early this month, with sales down nine per cent to …
Paul Kunert, 25 Oct 2012
Suitcase bulging with cash

Distie consolidation: Someone everyone's gonna get hurt

When you look at the latest spate of acquisitions by broadline distributors, it's hard not to visualise an alcoholic who, concerned that he's facing a period of drought and associated health issues, decides the best way to deal with them is to have another drink. The pace of acquisitions by major distributors like Arrow, Tech …
Eddie Pacey, 19 Oct 2012

Avnet 'evaluating resource commitments' as times stay tough

Avnet is looking to cut up to $50m off its expenses bill and reduce the workforce after releasing preliminary results for fiscal Q1 that show a near double digit sales slide. The distributor says turnover will be approximately $5.85bn, down nine per cent year-on-year for the period ended 29 September, and it's the Technology …
Paul Kunert, 11 Oct 2012
European Union Flag

EC happy for Avnet to gobble down Magirus

The European Commission has given the green light to Avnet's proposed acquisition of Germany-based pan-European distributor Magirus. The bid, for an undisclosed sum, was tabled in July but the regulators wanted to cast an eye over the deal to ascertain whether it would strangle competition. The EC said it had examined data …
Paul Kunert, 24 Sep 2012
distribution_channel

EMC hands disties licence to assemble VSPEX

EMC is opening up integration services to disties of the VSPEX line-up and plans to have training and accreditation sorted by next month. European distie Magirus got a six week head start on other EMC wholesalers in the region, Arrow ECS and Avnet but EMC expects both of them to clamber on board too. VSPEX is a converged …
Paul Kunert, 15 Aug 2012

Juniper Network pushes button, exits two distributors

Juniper Networks has given Computerlinks and Azlan their marching orders following a review of the UK distributor line-up, leaving it with Arrow ECS, Avnet TS and Westcon. The review began in May when Juniper named Will Hamber to manage its fragmented network of 30 wholesalers across EMEA. Former HP and Edge-Core Networks …
Paul Kunert, 1 Aug 2012
Avnet TS

Avnet TS swallows bite-sized Mattelli

Avnet Technology Solutions has devoured IT estate management small fry Mattelli as it builds out a services portfolio. This comes just a week after Avnet TS acquired enterprise distie Magirus and some months after it took over IBM reseller and consultancy Ascendant Technologies. Cheshire-based Mattelli developed the UNITY …
Paul Kunert, 12 Jul 2012
Tech Data

Tech Data gobbles Brightstar's piece of their Euro biz pie

Distribution behemoth Tech Data Corp has gulped down Brightstar's 50 per cent stake in the firms' European joint venture for around $165.6m (£106.4m) in cash. The two wholesalers set up Brightstar Europe in 2007 to share the risks and rewards of tapping up the burgeoning mobility and wireless device space in the region. Bob …
Paul Kunert, 11 Jul 2012
Avnet TS

Avnet gobbles Magirus, aiming to deliver swollen offerings

Avnet Inc is consuming pan-European distributor Magirus Group for an undisclosed sum. The agreement was made public today - just hours after it emerged that Ingram Micro is splashing $850m to acquire BrightPoint ($650m in cash and assuming $190m worth of debts). Stuttgart-based Magirus offloaded its $500m enterprise hardware …
Paul Kunert, 2 Jul 2012
fingers pointing at man

Avnet: Our buy of tech provider to BBC and Boots is quite routine

Avnet Technology Solutions boss Phil Gallagher has defended its acquisition of IBM middleware reseller and consultancy Ascendant Technology (Atech) - claiming the deal poses no threat to resellers. Earlier this week the enterprise distributor gobbled $90m sales outfit Atech for an undisclosed sum, which has operations in North …
Paul Kunert, 30 Mar 2012

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