Avnet Inc completes acquisition of Magirus Group

Avnet’s acquisition strengthens its footprint in the EMEA region

Tags: Mergers and acquisitions
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Avnet Inc completes acquisition of Magirus Group The Magirus acquisition is an excellent fit for Avnet, says Watt.
By  Manda Banda Published  December 5, 2012

Global value-added distributor (VAD) Avnet Inc, has completed the acquisition of  Magirus Group, a pan-European distributor of data centre solutions and services. The merger makes Magirus a part of Avnet Inc and it will be integrated into Avnet Technology Solutions' EMEA business.

The move follows the recent acquisition by Ingram Micro which purchased Dubai-based Aptec Holdings Limited to extend its geographical reach in the Middle East and North Africa (MENA) region.

Magirus is a VAD of software, systems and related services encompassing virtualisation, storage management, cloud computing, security, intelligent networks, open-source and information life-cycle management services.

Details of the transaction were not disclosed but Magirus generated revenue of approximately $530 million in calendar year 2011 increasing its revenue by 20%.

Through its professional services portfolio and knowledge of the IT sector, Magirus enables business partners to take new technologies to market in 11 markets throughout Europe and the Middle East region.

Phil Gallagher, president of Avnet Technology Solutions, Global, commented: "We are very excited with the addition of Magirus to our existing resources and footprint in EMEA. We believe we have the opportunity to create an exciting and, in some cases, unique VAD offering in the market. Their talented team and key customer relationships will enhance our competitive position in Europe and the Middle East. In addition, Magirus' portfolio of services expands our suite of solutions in high-growth market segments which helps us satisfy the increasing customer appetite for integrated and virtualised solutions. Magirus increased its revenue last year through the delivery of powerful, flexible and cost-effective data centre solutions from a breadth of suppliers, including Cisco, VMware and EMC."

Graeme Watt, president, Avnet Technology Solutions (TS) EMEA, said: "Adding to our portfolio in high-growth technologies while also strengthening our presence in key geographies is a strategic imperative to accelerate profitable growth in TS EMEA. The Magirus acquisition is an excellent fit with our current operations as it adds complementary product lines across the region, while meaningfully increasing our scale in important markets."

Watt said Magirus' position with market-leading suppliers will bolster Avnet's solutions practices and create significant cross-selling opportunities in the combined customer base. He added that through this acquisition,  channel partners and suppliers will benefit significantly as the combined expertise of both organisations will enable the company to accelerate their success.

Founded in 1981, Magirus has 400 business and technical professionals that help over 4,500 resellers, system integrators and IT service providers develop and deploy IT infrastructure solutions that bring together traditional server, storage and network operations.

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