Five years after it bought its enterprise IT distribution business, Avnet has returned to the table to acquire the remainder of Germany-based datacentre solutions distributor Magirus for an undisclosed sum.
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Privately-held Magirus has made in-roads into the world of datacentre virtualisation, building a substantial value-add business around Cisco, EMC and VMware solutions, a big turn-on for Avnet, according to Paul Gallagher, global president of Avnet Technology Solutions (ATS).
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“The acquisition will significantly enhance our competitive position by expanding our suite of solutions in high-growth technologies,” he explained. “Magirus increased its revenue 20% in calendar 2011, delivering powerful, flexible and cost-effective datacentre solutions.”
ATS EMEA president Graeme Watt said the firm had been particularly keen to increase its scale in Germany and France.
“Magirus’ position with market-leading suppliers in high growth technologies will bolster our solutions practices. Its business model is a strong fit with our strategy to provide more value-add services,” said Watt.
The 31-year old distributor, which made sales of $530m (£338m) last year, will find its new home within ATS’ EMEA biz. Subject to the usual criteria being met, the acquisition is expected to close in October.
Magirus was yet to comment on the deal at the time of writing.