Avnet has placed its bets firmly on Europe with the acquisition of UK distributor Bytech Systems.
Avnet announced this week that it would acquire all of Bytech's businesses, but did not say how much the deal was worth or when it would be completed. Bytech is a value-added distributor that serves 280 hardware and software resellers in Europe, Avnet said.
The new company, to be known as Avnet Bytech, will continue to serve Bytech's existing resellers and will seek out new partnerships in the UK and across Europe, Avnet said. Especially interesting for Avnet is the chance to expand its computer reseller business to the European market, the company said.