M&A Deal Summary

Tech Data Acquires Avnet - Technology Solutions

On September 19, 2016, Tech Data acquired information technology company Avnet - Technology Solutions from Avnet for 2.6B USD

Acquisition Highlights
  • This is Tech Data’s 3rd transaction in the Information Technology sector.
  • This is Tech Data’s largest (disclosed) transaction.
  • This is Tech Data’s 5th transaction in the United States.
  • This is Tech Data’s 2nd transaction in Arizona.

M&A Deal Summary

Date 2016-09-19
Target Avnet - Technology Solutions
Sector Information Technology
Buyer(s) Tech Data
Sellers(s) Avnet
Deal Type Divestiture
Deal Value 2.6B USD

Target

Avnet - Technology Solutions

Phoenix, Arizona, United States
Avnet, Inc. - Technology Solutions is a provider of value-added distribution, delivering superior technology solutions, services, software, and hardware across the data center.

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Buyer(S) 1

Buyer

Tech Data

Clearwater, Florida, United States

website


Category Company
Founded 1974
Sector Distribution
Employees14,000
Revenue 37.2B USD (2019)
DESCRIPTION
Tech Data's corporate headquarters in Clearwater, Florida.
Tech Data's corporate headquarters in Clearwater, Florida.

Tech Data is a distributor of technology products, services, and solutions. Its advanced logistics capabilities and value-added services enable 125,000 resellers in more than 100 countries to support the technology needs of end-users. Tech Data was formed in 1974 and is based in Clearwater, Florida.


DEAL STATS #
Overall 14 of 16
Sector (Information Technology) 3 of 4
Type (Divestiture) 3 of 3
State (Arizona) 2 of 2
Country (United States) 5 of 6
Year (2016) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-27 Signature Technology Group

Phoenix, Arizona, United States

Signature Technology Group, Inc. is a provider of data center and professional services throughout North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 DLT Solutions

Herndon, Virginia, United States

DLT Solutions, Inc. is a provider of information technology solutions for commercial, education, federal, healthcare, state and local, and utilities markets. DLT provides access to a robust network of partners, a broad portfolio of over 50+ in-house contract vehicles, and dedicated channel and enablement services. DLT Solutions, Inc. was founded in 1991 and is based in Herndon, Virginia.

Buy -

Seller(S) 1

SELLER

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 5 of 7
Sector (Information Technology) 4 of 4
Type (Divestiture) 5 of 7
State (Arizona) 1 of 1
Country (United States) 4 of 5
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-14 Hackster

San Francisco, California, United States

Hackster, Inc. is an online community that helps users globally learn how to design, create and program internet-connected hardware. Hackster.io engages with nearly 90 technology partners, and maintains 100 Hackster Live ambassadors that support a network consisting of close to 200,000 engineers, makers and hobbyists.

Buy -