Distributor looks overseas for better market

Distributor looks overseas for better marketsAvnet looks outside the North American market with new venture
7/3/2008 9:48:00 AM By: Vawn Himmelsbach

So business might be slowing here in North America, but it isn't in other parts of the world. And this may cause some disties to focus their efforts elsewhere. Avnet, for example, has some aggressive international expansion plans – and that may be where the money's at right now.

The IT market in Asia is growing – and growing faster than any other market. So Avnet plans to concentrate its efforts there over the next 12 to 18 months. Case in point: in May, it announced the acquisition of Ontrack Solutions, a Mumbai-based systems integrator with expertise in security, networking, virtualization and storage solutions. The deal is expected to close by the middle of this month and will open the door for Avnet to build what it calls a “value-added solutions distribution business” throughout India.

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