Today, Avnet Inc. announced that it entered an agreement with MSC Investoren GmbH. Avnet Inc. would purchase MSC Group's majority interest following a regulatory approval. Avnet intended to acquire the remainder of the company in a short period of time. MSC Group was Europe's distributor concentrated on electronic component delivery, embedded computing equipment and display resolutions.
MSC Group was an established value-added supplier that leverages its distinct arrangement of distribution, construction and system integration competence. The company dealt with the rising customer demand for intricate electronic merchandises. In 2012, the company's earnings were US$450 million. Its computer technology was reported to account for 50% of the sales.
Electronics Marketing Global's president, Harley Feldberg, remarked, "The addition of the MSC Group is a strong fit with our strategy to invest in margin enhancing acquisitions that complement our existing design and supply chain services, while also expanding growth opportunities in the region."
Avnet's Electronics Marketing operating unit would integrate MSC Group's operations to its European business.
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