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M&A Deal Summary

Avnet Acquires CiNERGi Technology and Devices Pte

On March 26, 1998, Avnet acquired distribution company CiNERGi Technology and Devices Pte

Acquisition Highlights
  • This is Avnet’s 2nd transaction in the Distribution sector.
  • This is Avnet’s 2nd transaction in Singapore.

M&A Deal Summary
Date 1998-03-26
Target CiNERGi Technology and Devices Pte
Sector Distribution
Buyer(s) Avnet
Deal Type Add-on Acquisition

Target

CiNERGi Technology and Devices Pte

Singapore
CiNERGi Technology and Devices Pte Ltd. is a distributor of communication devices.

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Buyer(S) 1

Buyer

Avnet

Phoenix, Arizona, United States
Category Company
Founded 1921
Sector Distribution
Employees15,800
Revenue 26.5B USD (2023)
DESCRIPTION
Avnet's corporate headquarters in Phoenix, Arizona.
Avnet's corporate headquarters in Phoenix, Arizona.

Avnet is a distributor of electronic components, computer products, and embedded technology serving customers globally. Avnet accelerates its partners' success by connecting the technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. Avnet was founded in 1921 and is based in Phoenix, Arizona.

DEAL STATS #
Overall 3 of 78
Sector (Distribution) 2 of 32
Type (Add-on Acquisition) 3 of 68
Country (Singapore) 2 of 3
Year (1998) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-12-16 EXCEL-MAX Communication Pte

Singapore

EXCEL-MAX Communication Pte Ltd. is a distributor of electronic components.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-05-05 Bytech Systems

United Kingdom

Bytech Systems Ltd. provides fully supported hardware and software solutions.

Buy -
Mergr

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