Avnet Inc., Phoenix, has entered into an agreement to acquire Nippon Denso Industry Co. Ltd. of Japan (NDI) through its subsidiary, Avnet Japan Co., Ltd. NDI is a Tokyo-based, value-added distributor of electronic components with annual revenues of approximately $170 million. For the past 50 years, it has introduced suppliers’ leading technologies into customers’ end products. The transaction is expected to close by Dec. 29.
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