Seeking Alpha

Avnet acquires remaining minority interest in MSC Investoren

  • 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."
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