M&A Deal Summary

Avnet Acquires Ascendant Technology

On March 26, 2012, Avnet acquired information technology company Ascendant Technology

Acquisition Highlights
  • This is Avnet’s 9th transaction in the Information Technology sector.
  • This is Avnet’s 14th transaction in the United States.
  • This is Avnet’s 2nd transaction in Texas.

M&A Deal Summary
Date 2012-03-26
Target Ascendant Technology
Sector Information Technology
Buyer(s) Avnet
Deal Type Add-on Acquisition

Target

Ascendant Technology

Austin,, Texas, United States
Ascendant Technology, LLC is an international IT consulting firm. Ascendant Technology specializes in developing end-to-end IBM solutions that help organizations optimize their information technology investment and achieve business results.

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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 54 of 78
Sector (Information Technology) 9 of 17
Type (Add-on Acquisition) 46 of 68
State (Texas) 2 of 3
Country (United States) 14 of 26
Year (2012) 3 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-31 Canvas Systems

Norcross, Georgia, United States

Canvas Systems is an independent supplier of IT hardware and services with operating units in the United States, the United Kingdom and the Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-02 Nexicore

Simi Valley, California, United States

Nexicore, Inc. is a provider of repair and installation services for consumer electronics and computers, operating in three complementary business lines, including depot repair, onsite repair and installation, and spare parts management.

Buy -
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