The second half of 2012 has started with a bang for distributors Avnet and Westcon Group, both of which have revealed pending acquisitions.
Avnet has set its sights on acquiring Magirus, a pan-European distributor based in Stuttgart, Germany, while Westcon Group has reached a deal to acquire security and data centre solutions distributor Afina Group.
Avnet's acquisition of Magirus significantly increases the distributor's presence in Europe and the Middle East, especially with vendors Cisco, VMware and EMC and their VCE effort.
Magirus was founded in 1981 and serves more than 4500 VARs across Europe. The company generated about $US530 million in sales during 2011 and will be integrated into Avnet Technology Solutions' existing EMEA business.
"Magirus is a high-quality-focused business and represents an excellent expansion to our current operations as it adds complementary product lines across the region while meaningfully increasing our scale in important markets including Germany and France," said Graeme Watt, president of Avnet Technology Solutions, EMEA, in a statement.
For Westcon Group, the acquisition of Afina Group expands the distributor's geographic presence in Latin America.
"The Latin American market is now entering a highly robust period of IT spending driven mostly by Brazil and Mexico. Most analysts estimate the region will generate more than $US310 billion in IT spending in 2012," said Westcon CEO Dean Douglas in a statement.
"With the acquisition of Afina, Westcon is very well positioned to capture this momentum."
Afina was founded in 1990 and has headquarters in Madrid and Miami with a vendor portfolio that includes VMware, Citrix, Riverbed and Symantec. Afina also offers specialised services to support its resellers, including post-sale support, value-added augmentation, and training.
Fellow distributor Ingram Micro also yesterday announced its plans to acquire mobility specialist BrightPoint for around $US840 million, or $9 per share, a 66 percent premium over the company's closing price last Friday.
This article originally appeared at crn.com
Issue: 329 | July 2014
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