Avnet, Inc., has announced it has entered into a joint venture agreement with Sanko Holding Group in Turkey. Under the terms of the agreement, Avnet will acquire a 50.01 percent interest of the joint venture, which will include the operations of Akora Technology and Industry Corp. (Akora), a Sanko affiliate company, making the joint venture one of the largest IT distributors in Turkey. Founded in 2001, Akora distributes servers, storage, workstations and computer components to approximately 3,000 resellers throughout Turkey. The transaction, which is subject to government approval, is expected to close in the next few weeks. The joint venture, Avnet Technology Solutions Sanayi ve Ticaret A.S., will become part of the operations of Avnet Technology Solutions Europe, Middle East and Africa (EMEA).
John Paget, president of Avnet Technology Solutions, Global, commented, "This investment represents another important step in our strategy to expand into emerging markets, where the demand for IT solutions offers exciting opportunities for Avnet to add value and accelerate growth. The operations of Akora provide an excellent platform to expand our enterprise IT solutions footprint into the Turkish IT market, which is projected to grow at a double-digit rate over the next several years. With Akora's experienced management team, extensive reseller relationships, and systems and logistics infrastructure already in place, we plan to build on our global supplier relationships and solutions practices to grow a value-added distribution business that offers a full range of technical and business solutions."
From its headquarters in Istanbul and sales offices in Ankara and Izmir, Akora provides a portfolio of IT products from leading suppliers, including HP and IBM. In calendar 2007, Akora's revenue was approximately $127 million. The transaction is expected to be immediately accretive to earnings and supports Avnet's long-term return on capital goals.
Dick Borsboom, president of Avnet Technology Solutions, EMEA, added, "Avnet Technology Solutions Sanayi ve Ticaret A.S. will be focused on expanding the portfolio to include additional technologies, such as enterprise infrastructure, storage, networking, security and virtualization."
About Avnet
Avnet, Inc. (NYSE: AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers in more than 70 countries worldwide. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of more than 100,000 customers and providing cost-effective, value-added services and solutions. For the fiscal year ended June 28, 2008, Avnet generated revenue of $17.95 billion. For more information, visit www.avnet.com.
More than ever, there is a demand for IT to deliver innovation. Your IBM i has been an essential part of your business operations for years. However, your organization may struggle to maintain the current system and implement new projects. The thousands of customers we've worked with and surveyed state that expectations regarding the digital footprint and vision of the company are not aligned with the current IT environment.
TRY the one package that solves all your document design and printing challenges on all your platforms. Produce bar code labels, electronic forms, ad hoc reports, and RFID tags – without programming! MarkMagic is the only document design and print solution that combines report writing, WYSIWYG label and forms design, and conditional printing in one integrated product. Make sure your data survives when catastrophe hits. Request your trial now! Request Now.
Forms of ransomware has been around for over 30 years, and with more and more organizations suffering attacks each year, it continues to endure. What has made ransomware such a durable threat and what is the best way to combat it? In order to prevent ransomware, organizations must first understand how it works.
Disaster protection is vital to every business. Yet, it often consists of patched together procedures that are prone to error. From automatic backups to data encryption to media management, Robot automates the routine (yet often complex) tasks of iSeries backup and recovery, saving you time and money and making the process safer and more reliable. Automate your backups with the Robot Backup and Recovery Solution. Key features include:
Business users want new applications now. Market and regulatory pressures require faster application updates and delivery into production. Your IBM i developers may be approaching retirement, and you see no sure way to fill their positions with experienced developers. In addition, you may be caught between maintaining your existing applications and the uncertainty of moving to something new.
IT managers hoping to find new IBM i talent are discovering that the pool of experienced RPG programmers and operators or administrators with intimate knowledge of the operating system and the applications that run on it is small. This begs the question: How will you manage the platform that supports such a big part of your business? This guide offers strategies and software suggestions to help you plan IT staffing and resources and smooth the transition after your AS/400 talent retires. Read on to learn:
LATEST COMMENTS
MC Press Online