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Avnet Inc. (NYSE: AVT), Phoenix, AZ, has acquired the remaining interest in MSC Investoren GmbH in Europe. MSC is a distributor of electronic components and a provider of embedded computing technology and display solutions. The purchase follows Avnet's acquisition of a majority interest in MSC Group Oct. 1.
Patrick Zammit, president of Avnet Electronics Marketing EMEA, said plans to create an embedded and display solutions business unit in EMEA will allow Avnet to serve the technology value chain more deeply and widely and accelerate profitable growth in the region.
MSC Group is a consultative partner for customers in the automotive, industrial automation, telecom, information systems and medical device markets. In 2012, MSC had sales of more than $450 million, with embedded computer technology (including display solutions) accounting for almost 50 percent.