Avnet Completes the Acquisition of Acal plc

Avnet Inc. has completed its acquisition of the IT Solutions Division of Acal plc.
The acquired business, which has annual revenues of approximately $200
million, is a leading European value-added distributor for Storage
Networking (SAN), Networking, Security, Electronic Document Management,
as well as managed and professional services. The division, which has
operations in the UK, the Netherlands, Belgium, Germany, France and
Sweden, will be integrated into Avnet Technology Solutions’ EMEA
business.

Dick Borsboom, President of Avnet Technology Solutions EMEA,
commented, "This acquisition extends our depth of expertise in the IT
solutions and services arena by adding new competencies in high growth
areas and expanding our ability to deliver multi-vendor solutions. The
addition of 200 skilled employees and 2000 Acal resellers broadens our
solutions-selling portfolio and creates additional opportunities for
cross selling."

Following on the recently completed acquisition of the Magirus
Enterprise Division, Avnet Technology Solutions is substantially
building its market presence in the areas of managed and professional
services, SAN, Networking and Security solutions. The acquisition also
opens new markets to Avnet Technology Solutions, such as Electronic
Document Management today operating under the name Headway
Technologies.

"We are executing well on our goal to be the premier, value-add
distributor in Europe", added Mr. Borsboom "The acquisition of Acal is
another clear affirmation of our vision to be the leader in delivering
solutions that can accelerate the growth of our trading partners".

Avnet, Inc.

Avnet Technology Solutions

ACAL Storage Networking