Add-on Acquisition • Electronics

Avnet Acquires Eurotone Electric

On October 4, 2010, Avnet acquired electronics company Eurotone Electric

Acquisition Context
  • This is Avnet’s 9th transaction in the Electronics sector.
  • This is Avnet’s 4th transaction in China.

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M&A Deal Summary

Date October 4, 2010
Target Eurotone Electric
Sector Electronics
Buyer(s) Avnet
Deal Type Add-on Acquisition

Target Company

Eurotone Electric

Shenzhen, China
Eurotone Electric Ltd. is an engineering focused electronic components distributor in China that provides general purpose inverters for wind and solar power applications.
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Buyer Overview 1

Buyer

Avnet

Phoenix, Arizona, United States

Category Company
Founded 1921
Sector Distribution
Employees15,462
Revenue 23.8B USD (2024)
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 Context for Buyer #
Overall 46 of 78
Sector: Electronics 9 of 13
Type: Add-on Acquisition 38 of 68
Country: China 4 of 5
Year: 2010 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-04 Broadband Integrated Resources

Worthington, Ohio, United States

Broadband Integrated Resources Ltd. specializes in the repair of broadband and cable TV equipment in support of cable operators and manufacturers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-03 itX Group

North Ryde, Australia

itX Group Limited (itX), a leading Australian value-added distributor of IT software, hardware and services.

Buy AU$78M

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