Market Overview

Avnet to Acquire MSC Investoren GmbH

Avnet,
Inc. (NYSE: AVT)
announced today that it has entered into an agreement to acquire MSC
Investoren GmbH (“MSC Group”), a European distributor focused on
electronic component distribution, embedded computing technology and
display solutions. The agreement details a two-step approach whereby
Avnet will acquire a majority interest in MSC Group after regulatory
approval has been granted with the intent to acquire the remainder of
the company within a short time frame.

MSC Group is a recognized value-added distributor that leverages its
unique combination of distribution, production and system integration
capability to address the emerging customer demand for more complex
electronic products. The company generated revenue in excess of US$450

See full press release

Posted-In: News Guidance Contracts Management M&A Global

 

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