Avnet has announced its intentions to acquire the IT solutions arm of Acal for £41 million – saying it had reached a "definitive agreement" with the reseller.The Storage Area Networking reseller has agreements with several major vendors including Cisco, Brocade, Qlogic and Kodak in Europe.
The deal, which is subject to approval by Acal's shareholders and European merger control clearance, will see all 180 Acal staff join Avnet's technology solutions EMEA division.
Speaking about the deal, Acal chairman Richard Moon said: "Following a strategic review last year the board of Acal plc has concluded that the development of its IT solutions business would be best served as a part of a larger organisation with an international reach."
Advertisement
Related Stories
- Gem's Ztorm acquisition confirmed Jan 16th 2012 at 5:46PM
- Gem to acquire Ztorm Jan 6th 2012 at 1:27PM
- Olympus admits covering up losses Nov 8th 2011 at 11:09AM
- VIP acquires CMS Computers Nov 7th 2011 at 4:21PM
- McAfee acquires NitroSecurity Oct 4th 2011 at 4:59PM
- Service Desk and IT Support Show acquired May 5th 2011 at 2:17PM
- eBay bids for GSI Commerce Mar 29th 2011 at 11:08AM
- WD to acquire Hitachi storage division Mar 8th 2011 at 10:14AM
- AOL aims for ad revenue Feb 8th 2011 at 2:36PM
- Intel fights EU probe Jan 19th 2011 at 11:39AM
Follow Follow this article if you would like to receive notifications of updates.
Add a new comment
You need to be logged in to post comments. If you do not have an account then please register.
Comments
0 comments
There are no comments yet, be the first to add one!