Avnet to Acquire Orchestra Service GmbH; Financial Terms Not Disclosed

Avnet, Inc.

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