Avnet, Inc. has completed its acquisition of Bell Microproducts Inc. in an all cash merger for $7.00 per share, which equates to an equity value of approximately $252 million and a transaction value of approximately $631 million assuming a net debt position for Bell Micro of $379 million at face value as of March 31, 2010.

The acquisition was approved by Bell Micro shareholders representing over 98% of the votes cast and has received all required regulatory approvals. Bell Micro had sales of approximately $3.0 billion in calendar year 2009 and counts 55 offices throughout the United States, Canada, Europe and Latin America. The company, which operates both a distribution and single tier reseller business, offers a portfolio of storage, computing, software and networking products from industry-leading suppliers. In calendar year 2009, revenues from North America, EMEA and Latin America were 42%, 41% and 17% respectively.

Bell Micro’s Latin America and EMEA businesses as well as its North American data center business will be integrated into Avnet Technology Solutions. Bell Micro’s North American embedded business, including embedded components like hard disk drives, will be integrated into Avnet Electronics Marketing. Avnet intends to explore strategic alternatives for the single tier reseller business, which had sales of approximately $450 million in calendar year 2009.

Avnet, Inc. has also announced that it has completed its acquisition of the Tallard Technologies companies (Tallard), part of Itautec S.A. – Grupo Itautec. Tallard is a value-added distributor focused on delivering solutions from key global IT suppliers to customers in 30 countries throughout Latin America (including Argentina, Brazil, Chile, Columbia, Ecuador, Mexico and Venezuela). The company distributes servers, software, peripherals, convergence equipment and enterprise integration services directed toward resellers, solution providers and systems integrators.

For calendar 2009, Tallard generated revenue of approximately US $250 million. Tallard will become part of Avnet Technology Solutions, Americas.