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
About the Author
Jim Lucy Blog
Chief Editor
Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.