M&A Deal Summary

Avnet Acquires Savoir Technology Group

On July 10, 2000, Avnet acquired distribution company Savoir Technology Group

Acquisition Highlights
  • This is Avnet’s 9th transaction in the Distribution sector.
  • This is Avnet’s 3rd transaction in the United States.
  • This is Avnet’s 3rd transaction in California.

M&A Deal Summary
Date 2000-07-10
Target Savoir Technology Group
Sector Distribution
Buyer(s) Avnet
Deal Type Add-on Acquisition

Target

Savoir Technology Group

Fremont, California, United States
Savoir Technology Group, Inc. is a distributor of IBM mid-range server products.

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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 16 of 78
Sector (Distribution) 9 of 32
Type (Add-on Acquisition) 14 of 68
State (California) 3 of 7
Country (United States) 3 of 26
Year (2000) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-05 SEI Nordstar

Milan, Italy

SEI Nordstar is an electronic components distribution company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-07 VEBA Electronics

Wilmington, Delaware, United States

VEBA Electronics LLC is an electronic distributor.

Buy -
Mergr

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