M&A Deal Summary

Avnet Acquires itX Group

On January 3, 2011, Avnet acquired electronics company itX Group for 78M AUD

Acquisition Highlights
  • This is Avnet’s 10th transaction in the Electronics sector.
  • This is Avnet’s 7th largest (disclosed) transaction.
  • This is Avnet’s 3rd transaction in Australia.

M&A Deal Summary

Date 2011-01-03
Target itX Group
Sector Electronics
Buyer(s) Avnet
Deal Type Add-on Acquisition
Deal Value 78M AUD

Target

itX Group

North Ryde, Australia
itX Group Limited (itX), a leading Australian value-added distributor of IT software, hardware and services.

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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 47 of 78
Sector (Electronics) 10 of 13
Type (Add-on Acquisition) 39 of 68
Country (Australia) 3 of 3
Year (2011) 1 of 5
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-04 Eurotone Electric

Shenzhen, China

Eurotone Electric Ltd. is an engineering focused electronic components distributor in China that provides general purpose inverters for wind and solar power applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-28 ProSys

Norcross, Georgia, United States

ProSys is a value-added reseller and a provider of IT infrastructure solutions to a broad range of markets. ProSys deploys customized, leading-edge solutions from premier technology vendors that help enterprise, public sector and educational customers address their most complex IT infrastructure needs.

Sell -