Avnet Acquires Tallard

Avnet, Inc. has completed its acquisition of the Tallard Technologies companies (Tallard), part of Itautec S.A. – Grupo Itautec.

Tallard is a value-added distributor focused on delivering solutions from key global IT suppliers to customers throughout Latin America. Tallard distributes servers, software, peripherals, convergence equipment and enterprise integration services directed toward resellers, solution providers and systems integrators. The transaction is expected to be immediately accretive to earnings and supports Avnet’s return on capital goals.
 
“The addition of Tallard notably adds to the scale and scope of Avnet Technology Solutions’ business in the growing Latin America region, and it aligns well with our strategy to provide complete solutions that deliver more value to our trading partners,” commented Phil Gallagher, president, Avnet Technology Solutions, Global. “Combined with the regional footprint of the recently acquired Bell Micro, this acquisition firmly establishes Avnet Technology Solutions as the leading value-added IT distributor in the region, positioned to grow faster than the market.”
 
Tallard provides value-added services in 30 countries throughout Latin America, including Argentina, Brazil, Chile, Columbia, Ecuador, Mexico and Venezuela. Its line card includes a portfolio of IT infrastructure products from leading vendors, including IBM, Avaya, Apple, NetApp and Novell. For calendar 2009, Tallard generated revenue of approximately US $250 million. Tallard will become part of Avnet Technology Solutions, Americas.
 
“This acquisition adds new supplier and customer relationships, enabling us to take full advantage of our strategy to expand our distribution of data center products into high growth markets in Latin America,” stated Jeff Bawol, president, Avnet Technology Solutions, Americas. “Adding the talented employees of Tallard to our existing Avnet team and recently acquired Bell Micro team positions us to capitalize on the opportunities in this fast growing market.”