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UPDATE: Avnet makes two acquisitions

Oct. 4, 2010
Avnet Inc. (AVT), 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 ...

Avnet Inc. (AVT), 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. Details

Avnet also announced on Oct. 4 that it bought Broadband Integrated Resources Ltd., Worthington, Ohio, which repairs broadband and cable TV equipment for cable operators and manufacturers. Broadband has about 50 employees and generated 2009 revenue of about $9.5 million, Avnet said. Its customers include Time Warner, Comcast and Charter Communications. Details