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An American company based in Phoenix that has acquired the Australian distributor of software products from Apple, IBM and Oracle used Allen & Overy on the transaction.Avnet Inc announced…
An American company based in Phoenix that has acquired the Australian distributor of software products from Apple, IBM and Oracle used Allen & Overy on the transaction.
The acquisition, which is subject to approval from ITX shareholders, would be by way of a scheme of arrangement and would be worth around $80 million.
ITX was advised by Norton Rose, with partner Shaun Clyne heading a team that included senior associate Ebony Keenan-Dunn and associate Katie Hegarty.
In 2009, Avnet, which operates in nearly 40 countries, achieved revenue in excess of $US 16 billion.
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