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Avnet Acquires Majority Interest in MSC Investoren

PHOENIX — Avnet, Inc. (NYSE: AVT) announced that it has acquired a majority interest in MSC Investoren GmbH (“MSC Group”) as the first step of a two part transaction in which Avnet will ultimately acquire the remainder of the company. MSC is a recognized value-add distributor focused on electronic component distribution, embedded computing technology and display solutions, as well as design and manufacturing. MSC leverages its unique combination of distribution, production and system integration capability to address the emerging customer demand for more complex electronic products. In calendar year 2012, MSC generated revenue in excess of US$450 million, with embedded computer technology (including display solutions) accounting for almost 50 percent of its sales.

Patrick Zammit, President of Avnet Electronics Marketing EMEA, said, “The acquisition of the MSC Group further strengthens our leadership position in electronic component distribution while adding a new growth opportunity in embedded computing and display solutions. MSC’s strength in systems level solutions expands our portfolio to address the increasingly complex needs of our customer base in the European industrial electronics market. We are excited to welcome the talented team of MSC Group into our organization. I am confident that the combined organization will allow us to serve the technology value chain deeper and wider and accelerate profitable growth in the region.”

Founded in 1979, MSC Group has grown from a product distributor to a consultative partner for customers in the automotive, industrial automation, telecom, information systems and medical device markets. MSC Group's logistics and distribution capabilities, along with its competence in board-level assemblies and system integration, allows it to address customers' increasing requirements along the electronics value chain. With a team of field application engineers and product specialists, MSC Group provides a range of technical support throughout the entire product development cycle from design to finished system. The operations of MSC Group will become part of the European business region of Avnet Electronics Marketing.

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