Avnet Expands Its Presence in Vietnam
December 7, 2009 Timothy Prickett Morgan
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Master IT distributor Avnet is furthering its expansion into the Asia/Pacific market by acquiring one of the major value-added resellers and IT distributors in Vietnam. Avnet said last week that it had acquired “certain assets” of Sunshine, a reseller based in Ho Chi Minh City that also has operations in Danang and Hanoi. Sunshine, which was founded in 2001, resells PCs, printers, servers, storage arrays, and software from IBM, Hewlett-Packard, and Lenovo, and according to Avnet, generated about $33 million in revenues in 2008. The company has 120 employees and 1,400 customers. No word on what assets Avnet bought or how many employees of Sunshine it will keep on hand to run the operations in Vietnam, which are now called Avnet Sunshine Solutions. Avnet did say that Sunshine would be immediately accretive to earnings, which is CFOspeak for profitable. RELATED STORIES Arrow, Avnet Report Better Than Expected Enterprise Sales Avnet and Arrow: System Sales Might Have Hit Bottom Distributors Arrow and Avnet Deal with the Meltdown Arrow Lets Mid-Market Resellers Buy Sales Campaigns Arrow Hit by X64 Downturn, Proprietary Servers Do OK Avnet Hit By Economic Downturn in Fiscal Q2 Avnet Partners with Sanko for Turkish Expansion Avnet to Resell VDoc Content Management Suite in U.S. Arrow and Avnet Say Their June Quarters Exceeded Expectations Avnet Buys Ontrack for Asian Expansion Avnet Expands in the United Kingdom and Ireland with Horizon Buy Arrow Buys French Midrange Distributor
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