“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “
Phoenix-based Avnet (NYSE: AVT) is now solely focused on electronic components and integrated and embedded solutions, supporting its startup to large technology manufacturer customers at every stage of the product life cycle.
“Today marks a critical stage in the transformation of Avnet. We have doubled down on our electronic components and integrated and embedded solutions business, which is complemented by our reach into a broader market of customers in the idea stage through our recent acquisitions of Premier Farnell and Hackster,” said Avnet CEO William Amelio. “We will now be able to focus all of our attention and considerable expertise and scale in supporting our customers at every phase of the product life cycle with services that offer a time-to-market advantage. We also have substantial financial resources to further drive our targeted investments in integrated and embedded solutions, IoT (Internet of things) and digital platforms to create even more opportunities for makers, entrepreneurs and large manufacturers.”
Avnet sold its tech solutions business for $2.4 billion in cash and $245 million of Tech Data common stock.
Avnet has distributed electronic components for more than 95 years. It works with customers’ tech needs in more than 125 countries.
The buy for the Clearwater, Florida-based Tech Data Corp. (Nasdaq: TECD) creates a global end-to-end IT distributor with diverse solutions from the data center to the living room.
“This is a momentous day in our company’s history and we are excited to welcome our talented colleagues at Technology Solutions to the Tech Data family,” said Tech Data CEO Bob Dutkowsky. “Our combined company is perfectly positioned at the epicenter of the IT ecosystem — with the scale and scope to serve dynamic markets throughout the world — giving our customers access to an end-to-end portfolio of IT solutions and efficiently bringing our vendors’ products to new customers in more markets.”
The combined company has a larger geographic footprint, including a presence and new market in the Asia-Pacific region. Tech Data now has operations in 40 countries, with 14,000 employees serving 115,000 customers in more than 100 countries.
“Our organizations’ common cultures, shared values and commitment to providing a world-class customer experience will serve as the foundation for the new Tech Data,” Dutkowsky said. “Together, we will be an even stronger company, capable of doing more for our channel partners than ever before. We remain confident that the acquisition of Technology Solutions creates a winning combination for our customers, vendors and shareholders, as well as the employees of both organizations.”
Hayley Ringle covers technology and startups for the Phoenix Business Journal.
Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office / Retail / Industrial / Multi-family / please call me on my cell 520-975-5207 or e-mail me email@example.com
Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties.
I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international. Click here to find out what is a CCIM:
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail firstname.lastname@example.org or call me on my cell 520-975-5207
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
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