Avnet Acquires Bell Micro

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Avnet has completed its acquisition of Bell Microproducts.  Avnet will now start the integration of Bell Micro into the existing business and expects completion by the end of its fiscal year 12 months from now.
 
By merging both organisations and combining their individual value, Bell Micro is able to bring its business partners a robust selection of products, services and solutions delivered by an experienced, knowledgeable team wholly dedicated to helping them grow their business and accelerating their success.
 
For the immediate future, it’s business as usual and the business partners’ contacts at Bell Micro and Avnet remain the same. The Bell Micro brand and legal entity will continue in the marketplace in the short term.  Any changes will be communicated directly.
 
Roy Vallee, Avnet’s chairman and chief executive officer, commented, “The acquisition of Bell Micro marks an inflection point in Avnet’s history as the clear leader in value-added technology distribution.  Bell Micro is the largest acquisition in Avnet’s history on a revenue basis and substantially improves our global scale and scope competitiveness.  It strengthens our position in the Americas and Europe and expands our presence in the fast growing Latin America market.  We welcome the Bell Micro customers and suppliers as well as the talented employees at Bell who support them.  Our value based management culture and discipline should allow us to achieve our stated return-on-capital goal of at least 12.5% on this transaction following the completion of the integration which we expect to occur by the end of our fiscal year 12 months from now.”
 
Rick Hamada, Avnet’s president and chief operating officer added, “Bell Micro’s relationships with key hardware, software and services suppliers, further develops Avnet’s product portfolio and technical expertise. Additionally, Bell Micro enhances our value added solutions for the data center and enables us to consolidate our presence in the embedded market, adding to our critical mass and momentum as a leader in embedded technology. With strong customer and supplier relationships, we look forward to enjoying the benefits of the cross-selling opportunities that the merger with Bell Micro brings to Avnet.”