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Avnet Inc. (NYSE: AVT), Phoenix, AZ, has acquired Dragon Innovation, expanding the distributor’s portfolio of offerings for customers as they move from design to prototype to volume production. Terms were not disclosed.
Dragon Innovation, through its cloud-based platform, paired with a team of hardware manufacturing experts, manages the full manufacturing process, from strategy and planning for earlier stage products to factory selection and production oversight. The acquisition will further enhances Avnet’s role in developing new technology products by simplifying the manufacturing process, particularly for those projects that advance Internet of Things (IoT).