M&A Deal Summary

Avnet Acquires Vanda Group

On October 14, 2009, Avnet acquired information technology company Vanda Group from Hutchison Whampoa

Acquisition Highlights
  • This is Avnet’s 6th transaction in the Information Technology sector.
  • This is Avnet’s 3rd transaction in China.

M&A Deal Summary
Date 2009-10-14
Target Vanda Group
Sector Information Technology
Buyer(s) Avnet
Sellers(s) Hutchison Whampoa
Deal Type Divestiture

Target

Vanda Group

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

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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 38 of 78
Sector (Information Technology) 6 of 17
Type (Divestiture) 7 of 7
Country (China) 3 of 5
Year (2009) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-20 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.

Buy £98M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-30 Sunshine Joint Stock

Ho Chi Minh City, Vietnam

Sunshine is an IT distributor providing server, storage and software products to system integrators and resellers throughout Vietnam.

Buy -

Seller(S) 1

SELLER

Hutchison Whampoa

Hong Kong, China
Category Company
Sector Diversified
Employees280,000
Revenue 266.4B HKD (2020)
DESCRIPTION

Hutchison Whampoa is a multinational conglomerate committed to innovation and technology. HWL has six core businesses ports and related services, property and hotels, retail, infrastructure, energy, and telecommunications. Hutchison Whampoa is based in Hong Kong, China.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Divestiture) 2 of 2
Country (China) 2 of 2
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-27 iBusinessCorporation.com

Hong Kong, China

iBusiness Corporation Limited invests in and builds profitable m-commerce, e-commerce, Internet infrastructure and software technology businesses.

Buy HK$9M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-27 Hi3G Access

Stockholm, Sweden

Hi3G Access is a provider of mobile voice and broadband services in Sweden and Denmark. The company has more than 2.7 million subscribers and is recognized for its high-quality network. Hi3G Access was founded in 2001 and is based in Stockholm, Sweden.

Buy -
Mergr

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