7. Tech Data Changes the Distribution Landscape With Avnet Technology Solutions Acquisition
On Feb. 27 distributor Tech Data acquired Avnet Technology Solutions, Avnet's $9.65 billion value-added distribution business, for $2.6 billion in a move that changed the IT distributor landscape.
By acquiring Technology Solutions, Clearwater, Fla.-based Tech Data vastly expanded its product portfolio of systems for the data center, cloud computing, security, mobility, big data analytics, the Internet of Things and vertical industries. It also increased the share of Tech Data's revenue generated by more complete IT solutions.
In June CEO Bob Dutkowsky (pictured) said that thanks to the acquisition, Tech Data is gaining market share in key countries and product categories.