Strategic Investment Expands ASEAN Coverage and Establishes Platform to Grow IT Solutions Distribution Business
PHOENIX, Apr 06, 2010 (BUSINESS WIRE) -- Avnet, Inc. (AVT 31.20, -0.75, -2.35%) today announced the acquisition of certain assets of PT Datamation Purwana Utama and PT Mitra Bisinfo Utama (Datamation) of Indonesia, expanding Avnet's footprint and customer base in ASEAN for value-added IT distribution. Founded in 1990, Datamation is a value-add IT distributor providing server, storage and software products to enterprise system integrators and resellers throughout Indonesia.
"This acquisition in Indonesia supports our strategic intent to further expand our footprint into emerging markets," commented Phil Gallagher, president, Avnet Technology Solutions, Global. "As we increase our exposure to these fast growing markets and build on our global supplier relationships we will accelerate our organic growth rate."
From its headquarters in Jakarta and a sales office in Surabaya, Datamation distributes a range of IT infrastructure products from leading suppliers including APC, HP, IBM, Lenovo NetApp and VMware. With more than 175 employees supporting 1,400 value-added resellers, Datamation generated revenue of approximately US$60 million in calendar 2009.
"The acquisition expands Avnet's footprint in ASEAN and provides new opportunities to accelerate growth in the region," stated KP Tang, president, Avnet Technology Solutions, Asia Pacific. "The platform Datamation has developed will be a key factor in launching our solutions distribution practice in Indonesia. We will leverage their talented associates and supplier partner relationships to offer a broader suite of products and services to customers in the largest national economy in Southeast Asia."
The operations of Datamation will be integrated into Avnet Technology Solutions' Asia Pacific business. The acquisition is expected to be immediately accretive to earnings and supports Avnet's return on capital goals.
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