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M&A Deal Summary

Avnet Acquires Abacus Group

On January 20, 2009, Avnet acquired distribution company Abacus Group for 98M GBP

Acquisition Highlights
  • This is Avnet’s 19th transaction in the Distribution sector.
  • This is Avnet’s 5th largest (disclosed) transaction.
  • This is Avnet’s 7th transaction in the United Kingdom.

M&A Deal Summary
Date 2009-01-20
Target Abacus Group
Sector Distribution
Buyer(s) Avnet
Deal Type Add-on Acquisition
Deal Value 98M GBP

Target

Abacus Group

United Kingdom
Abacus is a value-added distributor of electronic components and embedded systems serving customers in 10 countries across Europe. Abacus is focused on delivering exceptional design-in and technical support for a portfolio that includes 180 supplier franchises covering semiconductor, interconnect and electromechanical (IP&E) products. In addition to electronic components distribution, Abacus Embedded Systems Group provides specialty distribution of displays, embedded computer and wireless communication products.

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Buyer(S) 1

Buyer

Avnet

Phoenix, Arizona, United States
Category Company
Founded 1921
Sector Distribution
Employees15,462
Revenue 23.8B USD (2024)
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 37 of 78
Sector: Distribution M&A 19 of 32
Type: Add-on Acquisition M&A Deals 30 of 68
Country: United Kingdom M&A 7 of 9
Year: 2009 M&A 1 of 3
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-30 Nippon Denso Industry Co.

Japan

Nippon Denso Industry Co. Ltd. is a distributor of electronic components with established design and engineering expertise.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-14 Vanda Group

Kowloon City,, China

Vanda Group operates as an information technology (IT) solutions provider in Mainland China, Hong Kong, and Macau.

Buy -
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