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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