M&A Deal Summary

Avnet Acquires ExitCertified

On January 7, 2016, Avnet acquired education company ExitCertified

Acquisition Highlights
  • This is Avnet’s 1st transaction in the Education sector.
  • This is Avnet’s 1st transaction in Canada.
  • This is Avnet’s 1st transaction in Ontario.

M&A Deal Summary
Date 2016-01-07
Target ExitCertified
Sector Education
Buyer(s) Avnet
Deal Type Add-on Acquisition

Target

ExitCertified

Ottawa, Ontario, Canada
ExitCertified provides instructor-led training both online via its market-leading Live Virtual training platform and in-person at training centers and customer locations. The company is known for its IT training solutions including CloudCentrix, a training suite that simplifies how various cloud technologies automate and transform the way organizations work. The CloudCentrix suite presents various categories of commercial and open-source technologies, architectural techniques, and IT training solutions to help organizations get the most out of their cloud investment. ExitCertified was formed in 2001 and is based in Ottawa, Ontario.

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Buyer(S) 1

Buyer

Avnet

Phoenix, Arizona, United States
Category Company
Founded 1921
Sector Distribution
Employees15,800
Revenue 26.5B USD (2023)
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 founded in 1921 and is based in Phoenix, Arizona.

DEAL STATS #
Overall 73 of 78
Sector (Education) 1 of 1
Type (Add-on Acquisition) 63 of 68
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-03 Orchestra Service

Munich, Germany

Orchestra Service GmbH is a distributor focused on backup and recovery, archiving, high availability replication and storage.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-28 Premier Farnell

London, United Kingdom

Premier Farnell plc is a global distributor of electronic components and related products delivering engineering solutions to the electronic system design community utilizing multi-channel sales and marketing resources. The company supports a registered community of more than 430,000 members in 36 countries with multi-channel sales and marketing resources that combine traditional field sales and contact resources with innovative ecommerce interfaces.

Buy £691M
Mergr

Product

Company

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