Avnet to gobble up Acal
Eyes up EMEA market
Electronics distie Avnet said today that it will acquire the IT solutions arm of Storage Area Networking (SAN) reseller Acal plc for a cash consideration of £41m.
The firm said it has reached a "definitive agreement" with Acal, which punts products that include Cisco, Brocade, Qlogic, and Kodak to the European market.
Once the deal – which is subject to approval by Acal shareholders and EU merger control clearance – closes, 180 Acal staff will be integrated into Avnet's technology solutions EMEA division.
Acal chairman Richard Moon said: "Following a strategic review last year the board of Acal plc has concluded that the development of its IT solutions business would be best served as a part of a larger organisation with an international reach."
Throwing its pan-European net wide, Avnet announced earlier this week that it had also agreed to buy Berlin-based components distie Betronik GmbH for an undisclosed sum. ®