Avnet acquires remaining minority interest in MSC Investoren

|About: Avnet Inc (AVT)|By:, SA News Editor

Avnet (AVT +0.7%) acquires the remaining interest in electronics distributor MSC Investoren - the majority interest was acquired in Oct.

MSC generated revenue of over $450M in 2012, with embedded computer tech (including display solutions) accounting for almost 50% of sales.

Avnet aims to roll the acquisition into a broader plan to "create a focused 'embedded and display solutions' business unit in EMEA" and "accelerate profitable growth in the region."