Avus Sold To Singapore Distributor eSys

The transaction is slated to close within the next 30 days. Terms of the deal weren't disclosed. eSys, a $1.3 billion company with operations in more than 30 countries, said it plans to retain most of Avus' branches and personnel.

Avus was sold, in part, because manufacturers are seeking fewer, larger full-line distributors, according to Calvin Lam, the company's president. Avus' customers can expect better pricing, availability and coverage, he added.

"Resellers want to work with distributors that offer personalized, value-added services," Lam said in a statement. "The union of eSys and Avus essentially marries the financial strength and global reach of eSys with the local, grassroots-level relationship and operational know-how of Avus."