Avnet announced its agreement to acquire
Pinnacle Data Systems in a deal worth approximately $22 million.
PDSi is a provider of application-specific
hardware and global support solutions for the world’s largest OEMs.
For the calendar year 2010, PDSi generated
revenue of approximately $29 million. PDSi will become part of Avnet Integrated
Resources, which provides reverse logistics and after-market services to the
global technology industry.
“This acquisition builds on our commitment
to expand into adjacent businesses and puts in place a third and critical
element in our new after-market services business to benefit industrial
customers, consumers and the environment,” said Steve Church, president,
Avnet
Integrated Resources.
PDSi joins Avnet’s two other lifecycle
management operations that specialize in cable TV equipment repair and cell
phone repair, in serving the electronics reverse logistics industry.
PDSi provides services and products for the
telecom, imaging, defense/aerospace, medical, semiconductor, industrial
automation and IT markets. PDSi provides a variety of engineering and
manufacturing services for global OEMs requiring custom product design, system
integration, repair programs, warranty management and specialized production
capabilities.
By Telecomlead.com Team
