Avnet makes two acquisitions

Avnet Inc., Phoenix, has acquired certain assets from Eurotone Electric Limited, a distributor of inverters for wind and solar power applications. Headquartered in Shenzhen with branch offices in Shanghai, Beijing, Xi’an, Chengdu, Wuhan and Hong Kong, Eurotone distributes products to green energy companies. For calendar year 2009, the 50-employee Eurotone generated revenue of approximately US$28 million.

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