Avnet to Acquire MSC Investoren GmbH

Avnet, Inc. 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