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Mag

Avnet To Buy Access Distribution

Nov. 17, 2006

Avnet Inc., Phoenix, has agreed to acquire Access Distribution, a General Electric division and distributor of complex computing solutions

Avnet Inc., Phoenix, has agreed to acquire Access Distribution, a General Electric division and distributor of complex computing solutions. Avnet will pay $412.5 million in cash.

Access Distribution has anticipated sales of more than $2 billion in 2006.

Access Distribution markets a portfolio of technology products highly complementary to Avnet’s existing offerings and will be integrated into Avnet’s Technology Solutions Group.