Avnet has agreed to buy the France-based distributor of embedded systems, DE2 SAS.
Avnet wants to build its own embedded business unit in the Europe, Middle East and Africa region. The broadliner will combine DE2 with the Avnet Embedded business in France.
“We have identified the European embedded market place as one of our strategic growth areas," said Patrick Zammit, president of Avnet Electronics Marketing EMEA.
"With the creation of Avnet Embedded four years ago and the acquisition of Abacus almost three years ago we have been able to create a pan-European footprint that we are ready to develop further," said Zammit.
"The acquisition of DE2 accelerates our Embedded growth strategy, and adds a number of important new lines and customers to our existing business in France, Said Zammit”
Martin Brooks, v-p Avnet Embedded EMEA, said: “ DE2’s value proposition complements our business model perfectly and adds new business partners, new customers and of course adds some very talented people to our organisation.”
The DE2 franchises include Microsoft Embedded, Oracle, Interval Zero, Metalogix and Datalight.
The acquisition will be accretive to earnings in the first full year of operations and supports Avnet's return on capital goals,
www.avnet-embedded.eu