Avnet Acquires Assets Of Eurotone

Avnet Electronics Marketing, a wholly owned subsidiary of Phoenix-based Avnet Inc., has acquired certain assets from Eurotone Electric Ltd., an engineering-focused electronic components distributor in China that provides general purpose inverters for wind and solar power applications.

This acquisition is expected to be slightly accretive to earnings and achieve Avnet's return on capital goal of at least 12.5%.

SOURCE: Avnet Inc.

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