Who bought Avnet?
Tech Data’s
-based Tech Data’s acquisition of Phoenix-based Avnet’s $9.65 billion TS business was announced Monday morning. The deal will boost Tech Data’s share of overall revenue coming from the data center from just 29 percent to 45 percent while more than doubling non-GAAP operating income after cost savings.
What does Avnet Inc do?
Avnet is a global electronic components distributor with extensive design, product, marketing and supply chain expertise for customers and suppliers at every stage of the product lifecycle.
How big is Avnet?
Avnet Stock Price
| USD | |
|---|---|
| Revenue (Q2, 2022) | 5.9b |
| Gross profit (Q2, 2022) | 713.0m |
| Gross profit margin (Q2, 2022), % | 12.2% |
| Net income (Q2, 2022) | 150.8m |
When did Tech Data acquire Avnet?
February 27, 2017
February 27, 2017 11:00 ET | Source: Tech Data Corp. Tech Data Corp. CLEARWATER, Fla., Feb. 27, 2017 (GLOBE NEWSWIRE) — Tech Data Corporation (NASDAQ:TECD) today announced it has completed its acquisition of the Technology Solutions business from Avnet, Inc.
Where is Avnet based?
Phoenix, Arizona
Avnet
| Type | Public |
|---|---|
| Industry | Electronics |
| Founded | 1921 New York City, New York, U.S. |
| Founder | Charles Avnet |
| Headquarters | Phoenix, Arizona, U.S. |
Is Avnet a good company to work for?
Is Avnet a good company to work for? Avnet has an overall rating of 4.0 out of 5, based on over 1,213 reviews left anonymously by employees. 81% of employees would recommend working at Avnet to a friend and 68% have a positive outlook for the business. This rating has improved by 8% over the last 12 months.
Who are Avnet customers?
Customers include startups, small and mid-sized businesses, and Read More. Avnet has about 115 locations around the world and makes most of its sales to international customers with Asia/Pacific generating roughly 40% of revenue. Semiconductors and related products comprise about three quarters of Avnet’s revenue.
Is Avnet being sold?
Under the terms of the agreement, Avnet will receive $2.4 billion in cash and 2.8 million shares of Tech Data common stock, currently valued at approximately $200 million ….PERFORMANCE.
| Volume: | 620,152 |
|---|---|
| Open: | $37.44 |
| Previous Close: | $37.70 |
| Day High: | $37.59 |
| Day Low: | $36.86 |
Is Tech Data part of Avnet?
Bob Dutkowsky I am pleased to announce that Tech Data has completed the acquisition of Avnet’s Technology Solutions business, creating a premier global IT distributor with unmatched capabilities and the most diverse end-to-end solutions from the data center to the living room.
Is Avnet a public company?
Avnet, Inc. is a distributor of electronic components headquartered in Phoenix, Arizona, named after Charles Avnet, who founded the company in 1921….Avnet.
| Type | Public |
|---|---|
| Key people | Phil Gallagher, CEO Rodney C. Adkins, Chairman Tom Liguori CFO |
| Revenue | US$19.5 billion (2019) |
| Operating income | US$365.9 million (2019) |
Who is the CEO of Avnet?
Philip R. Gallagher (Nov 23, 2020–)Avnet / CEO
Who are Avnet competitors?
Avnet’s top competitors include Methode Electronics, Arrow Electronics, NGK Insulators, TD SYNNEX, Littelfuse, Ingram Micro and KEMET. Avnet is an electronic components manufacturer offering design, product, marketing, and supply chain services.
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