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Avnet Acquires YEL, Increases Presence in Asian IP&E Market
Written by Philip Buonpastore
Thursday, 03 January 2008
As reported by Electronic News, Avnet claimed that with the acquisition
of YEL Electronics Hong Kong, a distributor of IP&E semiconductor
components in the region, it has solidified its position as the largest
distributor of interconnect, passive and electromechanical (IP&E)
products in Asia.
YEL serves customers in 8 countries
across Asia Pacific and generated approximately $200 million in 2007
revenue, with more than 80 percent of that coming from IP&E
products.
"With this acquisition, we have increased our
IP&E business in Asia by over 50% and become the largest IP&E
distributor in the region.,” according to Harley Feldberg, president of
Avnet Marketing global.”
In 2007, Avnet purchased Azure
Technologies, which operates through various entities in Singapore and
Malaysia, and inked several Asia-related electronics supply chain
deals, including the November expansion of an agreement with Tyco
Electronics to include Asia Pacific.
“The acquisition of YEL is
a clear demonstration of Avnet’s commitment to invest in the high
growth Asia components market,” said Stephen Wong, president of Avnet
Electronics Marketing Asia.
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