Avnet Announces Deal to Buy Assets of USI Electronics

Avnet, Inc. (NYSE: AVT) announced today that it has agreed to acquiresubstantially all of the operating assets of Universal Semiconductor, Inc.,“USI Electronics,” a distributor of discrete semiconductor, passive andelectromechanical components to the military and aerospace customers. USIElectronics services a broad customer base of small, medium, and large OEMbusiness partners and differentiates itself by having the flexibility toprovide same day shipping, same day tape and reeling, and personalized servicewhile offering the technological solutions necessary to compete as aworld-class global distributor. This transaction is expected to close withinthirty days and will be integrated into Avnet Electronics Marketing, Americas.