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Home » Avnet Acquires Taiwan-based Prospect Technology

Avnet Acquires Taiwan-based Prospect Technology

By    MDM  Staff 
August 1, 2011
More about:  Asia,  Avnet,  Distribution & Manufacturing Acquisitions,  Electrical/Electronics Distribution
Prospect Technology had 2010 sales of $157 million.
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Phoenix, AZ-based Avnet, Inc. (NYSE: AVT), No. 1 on the list of top electronics distributors, has acquired Prospect Technology Corp., an electronic components distributor with operations in Taiwan. Prospect Technology provides technical support, module solutions and circuit design support to help customers expedite product development.

Prospect Technology generated revenue of approximately US$157 million during the 2010 calendar year.

"The combination of Prospect Technology's technical expertise and Avnet's scale and scope gives us a strong competitive advantage as we continue to grow profitably in Asia," says Harley Feldberg, president, Avnet Electronics Marketing Global. "This transaction complements our organic growth initiatives by expanding our value proposition to our customers through enhanced design capabilities and technical expertise while reinforcing our critical role in supply chain services."

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