Avnet Concludes Azzurri Technology Acquisition
Electronics parts distributor Avnet Inc. announced Tuesday that its acquisition of U.K.-based semiconductor supplier Azzurri Technology Ltd. has closed. Terms of the deal, which was first reported Jan. 10, were not disclosed. Headquartered in Wokingham, England, Azzurri is a design-in distributor of semiconductors and embedded systems products to original equipment manufacturers in the European electronics market. The company, which employs some 80 people, boasts an annual revenue of about $100 million. Avnet, which is based in Phoenix, said Azzurri will be integrated into the EMEA group of its Avnet Electronics Marketing arm, and primarily within its Avnet Memec division.
posted on Tuesday, April 1, 2008
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