Avnet to Acquire Orchestra Service GmbH; Financial Terms Not Disclosed

by Benzinga Staff
September 30, 2015 4:20 AM | 1 min read | Make a Comment

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Avnet, Inc. (NYSE: AVT) announced today that it has signed an agreement to acquire Orchestra Service GmbH (Orchestra), a specialist German IT distributor of innovative storage solutions and services around EMC products. Headquartered in Munich, Germany, Orchestra has developed strong storage-centric expertise to help its customers grow and take advantage of the many opportunities that exist today as well as position itself for market growth in areas such as cloud computing, big data and information management. The transaction, which is subject to normal regulatory approvals, is expected to close within 30 days. Graeme Watt, president, Avnet Technology Solutions EMEA, commented, "This acquisition presents meaningful opportunities for both Avnet and Orchestra to

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Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

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