Avnet Buys Japanese Electronics Distributor

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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