Avnet acquires technical services firm in US
Avnet has acquired TSSLink, a San Jose-based company providing technical support, consulting and outsourcing services.
TSSLink provides field services across North America. These services include order management, field installation, configuration and implementation.
For the calendar year 2011, TSSLink generated revenue of $10.5m and will be integrated into the Avnet Technology Solutions, Americas services organisation.
“This acquisition supports the strategic expansion of our services portfolio and further strengthens our ability to deliver a comprehensive IT solution for our business partners,” said Jeff Bawol, president Avnet Technology Solutions, Americas.
Founded in 2004, TSSLink also provides IT audit and compliance leadership, disaster recovery and business continuity planning consulting and technical support.
“In our data-reliant world, the services TSSLink delivers are integral components of every business’ operations,” said Tony Vottima, senior vice president, Avnet Technology Solutions, Americas services organisation.
“By providing these services, we are able to support our business partners throughout the entire IT lifecycle which in turn enables them to focus on their core competencies and achieve their growth goals.”
This acquisition is expected to be immediately accretive to earnings and supports Avnet’s return on capital goal of 12.5%.