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.