Avnet (AVT) Acquires Pepperweed Consulting, Sees Immediate Accretion

Avnet, Inc. (NYSE: AVT) has acquired Pepperweed Consulting, an IT 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 3000 successful engagements at Fortune 500 clients and large-scale government agencies, the company helps customers architect, implement and operate the right solution to meet their data center and cloud initiative goals on time and on budget. The company generated revenue of approximately US$12 million in the 2011 calendar year.

This transaction is expected to be immediately accretive to earnings and supports Avnet's long-term return on capital goal of 12.5%.

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