Home › Tech Data to buy Avnet Technology Solutions for USD 2.6 bln
 

Keywords :   


Tech Data to buy Avnet Technology Solutions for USD 2.6 bln

2016-09-19 14:41:00| Telecompaper Headlines

(Telecompaper) Avnet has agreed to sell its Technology Solutions division to rival Tech Data for USD 2.6 billion. The company said it will focus going forward on design and supply chain services, and especially high growth areas like the IoT, embedded solutions and critical platforms. It will partner with Tech Data on serving the IoT solutions market. Avnet will receive USD 2.4 billion in cash and 2.8 million shares in Tech Data as payment for the operations.

Tags: data buy technology solutions

Category:Telecommunications

Latest from this category

All news
06.06UK Sovereign IT Providers: An Amusing Tale of More Than Just a Buzzword
05.06Highlights from Dell Technologies World 2024
Telecommunications »
18.06Farm Progress America, June 18, 2024
18.06Farm Progress America, June 18, 2024
18.06Potential Tropical Cyclone One Graphics
18.06Potential Tropical Cyclone One Forecast Discussion Number 3
18.06Potential Tropical Cyclone One Wind Speed Probabilities Number 3
18.06Potential Tropical Cyclone One Public Advisory Number 3
18.06Summary for Potential Tropical Cyclone One (AT1/AL012024)
18.06Potential Tropical Cyclone One Forecast Advisory Number 3
More »