Acquisition strengthens Avnet’s presence in Far East
Avnet has launched a tender offer for Unidux, an electronics components distributor primarily serving Japanese OEMs.
Unidux distributes components from suppliers such as Intel and Micron Technology and Avnet forecasts that the acquisition would immediately add to its earnings by expanding its presence in the Japanese market.
With operations in Japan, Hong Kong and China, Unidux distributes active and passive components from suppliers such as Fujitsu, Panasonic, Sharp and Toshiba.
"This acquisition represents a major step in our strategy to expand our business in the strategic and sizeable Japan market," commented Harley Feldberg (pictured), president, Avnet Electronics Marketing, Global. "The Unidux business will add complementary customers and suppliers while tripling Avnet Electronics Marketing business in Japan. The combination will also add the scale and scope necessary in country to enhance the value we deliver to our trading partners and achieve our desired financial performance."
