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Avnet on acquisition spree; prying on a virtualization target


“We are looking to acquire more firms in Europe and we are certainly not done in the UK ­ the market is huge,” he said.
Only weeks ago Avnet acquired the enterprise infrastructure division of Magirus ­ a move that gave Avnet distribution rights to HP ­ to sit along side its recently expanded IBM and Sun teams
However, Vallee said the distributor was looking for a specific type of acquisition.
“There are two types of organisation we are looking for: the first would give us the opportunity after the acquisition to grow our business at a higher rate ­ for example we would love to acquire a firm rich in virtualisation and VMware skills with EMC or one that can bring us customer relationships, talent and local market knowledge,” he said.

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