M&A Deal Summary

Avnet Acquires Acal - IT Solutions Business

On September 27, 2007, Avnet acquired information technology company Acal - IT Solutions Business from discoverIE Group for 41M GBP

Acquisition Highlights
  • This is Avnet’s 3rd transaction in the Information Technology sector.
  • This is Avnet’s 6th largest (disclosed) transaction.
  • This is Avnet’s 5th transaction in the United Kingdom.

M&A Deal Summary
Date 2007-09-27
Target Acal - IT Solutions Business
Sector Information Technology
Buyer(s) Avnet
Sellers(s) discoverIE Group
Deal Type Divestiture
Deal Value 41M GBP

Target

Acal - IT Solutions Business

United Kingdom
Acal plc - IT Solutions Business comprises two product groups, Headway and ASNS. Headway is a specialist European distributor of document imaging and management products. Headway works with system integrators, value-added resellers and other IP providers to offer document imaging and management solutions for end-user customers of such partners. ASNS is a specialist value added distributor of storage networking and network security products.

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Buyer(S) 1

Buyer

Avnet

Phoenix, Arizona, United States

website

Category Company
Founded 1921
Sector Distribution
Employees15,300
Revenue 24.3B USD (2022)
DESCRIPTION
Avnet's corporate headquarters in Phoenix, Arizona.
Avnet's corporate headquarters in Phoenix, Arizona.

Avnet is a distributor of electronic components, computer products and embedded technology serving customers globally. Avnet accelerates its partners' success by connecting the technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. Avnet was incorporated in 1921 and is based in Phoenix, Arizona.

DEAL STATS #
Overall 28 of 78
Sector (Information Technology) 3 of 17
Type (Divestiture) 6 of 7
Country (United Kingdom) 5 of 9
Year (2007) 3 of 6
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-04 Flint Distribution

Coalville, United Kingdom

Flint Distribution Ltd. is a passive and electromechanical (IP&E) distributor.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-31 Betronik Berlin Vertriebsgesellschaft

Berlin, Germany

Betronik GmbH Berlin Vertriebsgesellschaft is a passive components distributor.

Buy -

Seller(S) 1

SELLER

discoverIE Group

Guildford, United Kingdom

website

Category Company
Founded 1986
Sector Electronics
Employees5,000
Revenue 379M GBP (2022)
DESCRIPTION

discoverIE Group is an electronics, designing, manufacturing and distributing electronic, photonic and medical products for the industrial and healthcare sectors. It is the only such provider with an infrastructure to deliver a broad range of specialist products and bespoke solutions across Europe. discoverIE Group was founded in 1986 and is based in Guildford, United Kingdom.

DEAL STATS #
Overall 4 of 6
Sector (Information Technology) 1 of 2
Type (Divestiture) 4 of 6
Country (United Kingdom) 3 of 5
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-10 Acal s AC & R

United Kingdom

Acal's AC & R, an air conditioning and refrigeration business.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-27 Service Source Europe

United Kingdom

Service Source Europe Ltd. (SSE) is a distributor of service parts for IT products.

Buy -
Mergr

Product

Company

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