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Avnet, Inc. to Acquire IT Solutions Division of Acal plc.

Publication: Business Wire
Publication Date: 27-SEP-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Acquisition of Storage Area Networking Specialist Broadens Portfolio of Storage Solutions in Europe and Adds Complementary Products from Leading Suppliers

PHOENIX -- Avnet, Inc. (NYSE:AVT) announced that it has reached a definitive agreement with Acal plc for Avnet to acquire the IT Solutions division of Acal plc. Acal IT Solutions is a leading value-added distributor for Storage Area Networking (SAN), Secure Networking and Electronic Document Management products and services, with operations in the UK, the Netherlands, Belgium, Germany, France and Sweden. The closing of the transaction is subject...

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