Avnet today announced that it has completed the acquisition of Germany-based MSC Group. This acquisition was a two-part deal, the first of which closed on October 1, 2013.
The MSC Group, founded in 1979, is a value-add distributor with a focus on electronic components, display solutions and embedded computer technology. According to Avnet, the MSC Group is an important distributor in the European market, and it reported a $450 million revenue excess in 2012, with 50% of sales in embedded computer technology.
“The completion of the MSC acquisition allows us to begin realizing the full benefits of one of the best recognized distributors in the European market. Over the last few weeks we have been able to lay out the future strategy of Avnet Electronics Marketing EMEA including MSC and have received positive feedback from customers and manufacturing partners. Our plans to create a focused ‘embedded and display solutions’ business unit in EMEA will allow us to serve the technology value chain deeper and wider and accelerate profitable growth in the region,” Patrick Zammit, President of Avnet Electronics Marketing EMEA, explained in a press release today.
