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Avnet Acquires Pepperweed Consulting

Avnet, Inc. (NYSE: AVT), Phoenix, AZ, No. 1 on MDM’s list of top electronics distributors, has acquired Pepperweed Consulting, an information technology enterprise management and integration provider. As an HP Software Elite Partner and winner of multiple HP Partner-of-the-Year awards, Pepperweed Consulting works with channel partners and customers to buy, deploy, support and manage HP IT Performance Suite, Converged Cloud and Insight software stacks.

With more than 3,000 successful engagements at Fortune 500 clients and government agencies, Pepperweed Consulting helps customers architect, implement and operate data center and cloud initiative solutions. The company generated revenue of $12 million in the 2011 calendar year.

The acquisition will be integrated into the operations of Avnet Technology Solutions in the Americas. The transaction is expected to be immediately accretive to earnings and supports Avnet's long-term return on capital goal of 12.5 percent.

Avnet, Inc. is a distributor of electronic components, computer products and embedded technology serving customers in more than 70 countries worldwide. For the fiscal year ended July 2, 2011, Avnet generated revenue of $26.5 billion.

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