Tuesday, April 6, 2010
Avnet Buys Indonesian Firm
Phoenix-based electronics distributor Avnet is continuing its acquisition roll, saying today that it has acquired an Indonesian firm, to help it grow in Asia. According to Avnet, it acquired certain assets of PT Datamation Purwana Utama and PT Mitra Bisinfo Utama (Datamation) of Indonesia, a provider of server, storage, and software products to companies in Indonesia. Financial terms of the deal were not announced. PT Datamation has more than 175 employees, and had revenues of approximately $60M US in calendar 2009. Datamation is headquartered in Jakarta.