M&A Deal Summary

Avnet Acquires Sunrise Technology

On May 10, 2001, Avnet acquired electronics company Sunrise Technology

Acquisition Highlights
  • This is Avnet’s 5th transaction in the Electronics sector.
  • This is Avnet’s 1st transaction in China.

M&A Deal Summary

Date 2001-05-10
Target Sunrise Technology
Sector Electronics
Buyer(s) Avnet
Deal Type Add-on Acquisition

Target

Sunrise Technology

China
Sunrise Technology Ltd. is an electronic components distribution company that serves indigenous and multinational original equipment manufacturers (OEMs) and contract electronic manufacturers in China.

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Buyer(S) 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 STATS #
Overall 19 of 78
Sector: Electronics M&A 5 of 13
Type: Add-on Acquisition M&A Deals 15 of 68
Country: China M&A 1 of 5
Year: 2001 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-10-31 RKE Systems

Germany

RKE Systems is a computer products and services distributor.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-11 Kent Electronics

Sugar Land, United States

Kent Electronics Corp. is a distributor of electronic components and enterprise network integration equipment and services.

Buy -