Company History
October 2012
Avnet Technology Solutions Appoints Sukh Rayat as Regional Leader for UK and Ireland
July 2012
Avnet Technology Solutions UK introduces its first industry specialisation practice - HealthPath™
July 2012
Avnet Technology Solutions, the global IT solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT) UK operation expanded its services capabilities through the acquisition of the assets of Mattelli Ltd, a specialist in IT estate management.
July 2012
Avnet, Inc. (NYSE: AVT) agreed to acquire the Magirus Group (Magirus), a leading pan-European distributor of data center solutions and services.
May 2012
Avnet Reaches No. 108 on the FORTUNE 500 Largest Companies List
With $26.5 billion in sales in fiscal 2011, Avnet moved up 24 positions in the ranking from No. 132 on the 2011 list. In addition, Avnet was recently named No. 1 by FORTUNE on its "FORTUNE'S Most Admired" list in the Wholesaler: Electronics category for the fourth year in a row.
Avnet Technology Solutions UK scores a hat trick at CRN Awards with Distributor of the Year, Software Distributor of the Year and Storage Distributor of the Year
Avnet Technology Solutions, the solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), was named as Distributor of the Year, Software Distributor of the Year and Storage Distributor of the Year at the recent CRN Channel Awards 2011.
February 2011
Avnet Names Rick Hamada Chief Executive Officer, Effective July 4, 2011
Avnet, Inc. (NYSE:AVT), a leading global technology distributor, announced that the Board of Directors has promoted Rick Hamada, 53, to Chief Executive Officer (CEO) effective July 4, 2011, concurrent with the beginning of Avnet's new fiscal year.
Avnet, Inc. to Ring "Closing Bell" Marking 50 Years on the NYSE
Avnet became one of only 350 companies in history of NYSE to celebrate the 50-year milestone.
Avnet (NYSE: AVT), a leading global technology distributor, commemorated its 50th anniversary as a public company on the New York Stock Exchange (NYSE) by ringing the Closing Bell on Wednesday, December 15, 2010.
October 2010
Avnet and IBM Celebrate 25 Years of Partnership
Global technology distributor Avnet, Inc. (NYSE: AVT) and IBM (NYSE: IBM) have reached two significant milestones in their business relationship. Avnet and IBM have now been Business Partners for more than 25 years, collaborating on a global basis across all regions and in more than 30 countries.
July 2010
Graeme Watt Named President of Avnet Technology Solutions, EMEA
Following the completion of Avnet's acquisition of Bell Microproducts Inc. (Bell Micro), Avnet Technology Solutions named Graeme Watt to the role of president for its Avnet Technology Solutions business in Europe, the Middle East and Africa (EMEA).
July 2010
Avnet, Inc. Completes the Acquisition of Bell Microproducts Inc.
Avnet, Inc. (NYSE: AVT) completed its acquisition of Bell Microproducts Inc. ("Bell Micro") in an all cash merger for $7.00 per share, which equates to an equity value of approximately $252 million and a transaction value of approximately $631 million assuming a net debt position for Bell Micro of $379 million at face value as of March 31, 2010. The acquisition was approved by Bell Micro shareholders representing over 98% of the votes cast and has received all required regulatory approvals.
April 2010
Avnet Rises to No. 142 on 2010 FORTUNE 500 List
With $16.23 billion in sales in fiscal 2009, Avnet increased its ranking by two positions to No. 142 on the FORTUNE list. In addition, Avnet was recently named No. 1 by FORTUNE on its "Most Admired Companies" list in the Wholesaler: Electronics category. Avnet was ranked first in eight out of nine reputation attributes, including innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment and quality of service.
March 2010
Avnet Technology Solution entered into a definitive agreement to acquire Bell Microproducts Inc. (“Bell”). The acquisition gave Avnet the opportunity to build additional scale and scope in storage and computing solutions as well as increase its presence in the fast-growing Latin America market. Bell's position in datacenter products and embedded systems complemented Avnet's strategies and created opportunities for cross selling. Bell's position as one of the leaders in hard disk drive distribution substantially increased Avnet's exposure to this product segment which at the time was focused on embedded computing. The acquisition of Bell Microproducts was completed on July 7th 2010.
Avnet Technology Solutions acquires Horizon Technology Group Plc in the UK and Ireland. In addition to extending Avnet's breadth in the areas of servers, storage, networking and software, the acquisition extends Avnet's capability into newer technology areas such as unified communications.
Acquisition of the European IT Solutions division of Acal PLC completes. The solutions business of Acal IT Solutions in the UK, France, Sweden, Germany, Belgium and the Netherlands is integrated into Avnet Technology Solutions.
Avnet Technology Solutions signs an agreement to acquire the IT Solutions division of the pan European value added distributor Acal PLC. The solutions business comprises firstly of Acal Storage Networking Solutions, secondly Electronic Document Management (EDM) under the Headway brand and thirdly Acal Value Added Services - from network planning and implementation to training and technical support
Avnet enters into a definitive agreement to acquire the Enterprise Infrastructure Division of Magirus in July 2007. The acquisition of Magirus' EID increases Avnet's presence in two of the largest European IT markets. The acquisition completes in October 2007.
Avnet's Technology Solutions expands its portfolio to include the full line of products from Sun Microsystems and complementary suppliers following the acquisition of Access Distribution..
The acquisition of the systems division (Raab Karcher) of VEBA completes broadening Avnet’s UK operation into the areas of components, open storage and displays.
Avnet acquires SEI Macro, a provider of CPU computer components.
Avnet enters into the UK distribution market through the acquisition of Bytech Systems, a predominantly RS6000 systems distributor.
