Avnet Completes the Acquisition of French Value-added Distributor Amosdec SAS
Avnet Substantially Increases Its Presence and Solutions Capability in France
Phoenix, Ariz. -- Avnet, Inc. (NYSE:AVT) announced today that it has completed its acquisition of value-added IT distributor Amosdec SAS. Founded in 1990, Amosdec is a leader in the field of virtualization and storage management solutions throughout France. During the 2010 calendar year, Amosdec generated revenue of approximately US$90 million. This acquisition is expected to be immediately accretive to earnings and achieve Avnet's return on capital goal of 12.5% within two years.
Graeme Watt, president of Avnet Technology Solutions, Europe, Middle East and Africa (EMEA), commented, "The acquisition of Amosdec provides Avnet Technology Solutions' a significant platform to build upon in France, EMEA's third largest IT market. The combination of Amosdec's strong leadership and talented employees will allow us to expand our scale and scope in this market and strengthen our solutions offering with the addition of new supplier franchises to our line card."
Headquartered in Paris, Amosdec offers technical consultancy and training, pre-sales support and installation services to its 500+value-added reseller (VAR) partners. Amosdec is recognized for its expertise in VMware virtualization technology and for its leadership in introducing new VMware ecosystem solutions in France. Amosdec will be integrated into Avnet Technology Solutions, EMEA, an IT solutions distribution leader.