Tech Data Buys Avnet Unit for $2.6 Billion
Tech Data Corp. agreed to pay $2.6 billion for Avnet’s Technology Solutions unit in a stock-and-cash transaction, Avnet said Monday in a news release. The unit is a distributor of IT services, including cloud and data center services. The companies,…
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which have been competitors, also plan to partner on IoT services, Avnet said.