Avnet: Software Distributor?

Companies stand still at their peril. So pay close attention to today’s announcement by component distributor Avnet about its acquisition of Magirus Group.

Make that component and software distributor Avent.

For Magirus not only has an attractive footprint in Europe and the Middle East, but its product line centers on software and systems for storage, cloud computing, security,  and information life-cycle management.

So in addition to adding more than half-a-billion dollars in revenue to the top line, Avnet extends its linecard into a very hot growth area.

Companies stand still at their peril.

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About Mike

Mike Buetow is editor-in-chief of Circuits Assembly magazine, the leading publication for electronics manufacturing, and PCD&F, the leading publication for printed circuit design and fabrication. He is also vice president and editorial director of UP Media Group, for which he oversees all editorial and production aspects. He has more than 20 years' experience in the electronics industry, including six years at IPC, an electronics trade association, at which he was a technical projects manager and communications director. He has also held editorial positions at SMT Magazine, community newspapers and in book publishing. He is a graduate of the University of Illinois. Follow Mike on Twitter: @mikebuetow