M&A Deal Summary

Avnet Acquires Magirus AG

On July 2, 2012, Avnet acquired distribution company Magirus AG

Acquisition Highlights
  • This is Avnet’s 23rd transaction in the Distribution sector.
  • This is Avnet’s 3rd transaction in Germany.

M&A Deal Summary

Date 2012-07-02
Target Magirus AG
Sector Distribution
Buyer(s) Avnet
Deal Type Add-on Acquisition

Target

Magirus AG

Stuttgart, Germany
Magirus AG is a distributor of data center solutions and services. Magirus is a value-add distributor of software, systems and related services encompassing virtualization, storage management, cloud computing, security, intelligent networks, open source and information life-cycle management services.

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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 57 of 78
Sector: Distribution M&A 23 of 32
Type: Add-on Acquisition M&A Deals 49 of 68
Country: Germany M&A 3 of 7
Year: 2012 M&A 6 of 15
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-03 Altron & Co. KG

Lehrte,, Germany

Altron GmbH & Co. KG is a specialist distributor of IP&E products from suppliers including Vishay, Kemet, Wima, Yageo and FCI. it serves over 2,500 customers across a broad range of industry sectors.

Buy -