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Avnet, Inc. (NYSE: AVT), Phoenix, AZ, has acquired the electronic components distribution business of C.R.G. Electronics Ltd., Karmiel, Israel. CRG is a distributor of PC products and electronic components serving the Israeli electronics industry.
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For the calendar year 2011, the electronic components business of CRG generated revenue of $23 million. The acquired business will become part of Avnet Israel, a business region of Avnet Electronics Marketing EMEA.
"The acquisition of CRG will strengthen our position in the design intensive Israeli high-tech market by adding complementary product lines and a highly reputable technical team," said Patrick Zammit, president of Avnet Electronics Marketing EMEA. "CRG's technical resources and customer service commitment will help us to further enhance our strategy of providing technical support to our Israeli customers at the point of design and support them with global fulfillment capability from manufacturing ramp through end of life."