Latest In Avnet

Avnet, Inc. has agreed to buy UK-based distributor Azzurri Technology Ltd. Azzurri is a distributor of high technology semiconductors and embedded systems products in Europe.
 
Upon closing, Azzurri will be integrated into Avnet Electronics Marketing EMEA primarily within the Avnet Memec specialist division.
 
Azzurri has operations in the UK, Germany, France and Italy. Its annual revenue is US$100 million and it employs about 80 people.
 
Avnet is a distributor of electronic components, computer products and technology services and solutions with more than 300 locations serving more than 70 countries worldwide. For the fiscal year ended June 30, 2007, Avnet had sales of $15.68 …

Avnet, Inc. has acquired YEL Electronics Hong Kong Ltd. YEL, which was established in 1992, is a distributor of interconnect, passive, electromechanical and limited semiconductor components in the Asia region, representing more than 30 franchised suppliers.
 
YEL generated US$200 million of revenue in the 12 months ended December 2007 with over 80% from IP&E products. The company serves 2,000 customers in eight countries in Asia-Pacific. The acquisition also expands Avnet Electronics Marketing’s franchised line card with new IP&E suppliers in the region.
 
Harley Feldberg, president of Avnet Electronics Marketing global, noted that the acquisition is another significant step in Electronics Marketing’s strategy to accelerate growth: The IP&E distribution industry in …