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Avnet to Acquire Distributor Amosdec SAS

PHOENIX, Ariz. — Avnet, Inc. (NYSE:AVT) announced today that it has entered into a definitive agreement to acquire the value-added IT distributor Amosdec SAS. Founded in 1990, Amosdec is a leader in the field of virtualization and storage management solutions throughout France. During the 2010 calendar year, Amosdec generated revenue of approximately US$90 million. The transaction, which is subject to regulatory approval, is expected to close in July 2011. This acquisition is expected to be immediately accretive to earnings and achieve Avnet's return on capital goal of 12.5% within two years.

Graeme Watt, president of Avnet Technology Solutions, Europe, Middle East and Africa (EMEA), commented, “The acquisition of Amosdec will significantly strengthen Avnet Technology Solutions’ position in France, the third largest IT market in Europe. Amosdec’s excellent leadership team and talented employees along with its strong market position with VMware and NetApp provides us with the opportunity to further develop our software, storage, and services portfolio throughout EMEA.”

Headquartered in Paris, Amosdec offers technical consultancy and training, pre-sales support and installation services to its 500+ value-added reseller (VAR) partners. Amosdec is recognized for its expertise in VMware virtualization technology and for its leadership in introducing new VMware ecosystem solutions in France. Upon completion of the acquisition, Amosdec will be integrated into Avnet Technology Solutions, EMEA, an IT solutions distribution leader.

Mr. Watt continued, “Amosdec’s in-depth expertise in software and services, combined with Avnet’s strength in the data center, further expands our value proposition for reseller partners and suppliers in Europe. By identifying and delivering integrated solutions, we will be able to help our partners take advantage of new business opportunities with cost-effective solutions that deliver the highest value to our trading partners.”

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