Home » Avnet Acquires YEL Electronics in Hong Kong
Avnet Acquires YEL Electronics in Hong Kong
January 2, 2008
Avnet, Inc. has acquired YEL Electronics Hong Kong Ltd. YEL, which was established in 1992, is a distributor of interconnect, passive, electromechanical and limited semiconductor components in the Asia region, representing more than 30 franchised suppliers.
YEL generated US$200 million of revenue in the 12 months ended December 2007 with over 80% from IP&E products. The company serves 2,000 customers in eight countries in Asia-Pacific. The acquisition also expands Avnet Electronics Marketing's franchised line card with new IP&E suppliers in the region.
Harley Feldberg, president of Avnet Electronics Marketing global, noted that the acquisition is another significant step in Electronics Marketing's strategy to accelerate growth: The IP&E distribution industry in Asia is highly fragmented and Avnet intends to actively participate in its consolidation. ... With this acquisition, we have increased our IP&E business in Asia by over 50% and become the largest IP&E distributor in the region."
Avnet is a distributor of electronic components, computer products and technology services with more than 300 locations serving 70 countries worldwide. For the fiscal year ended June 30, 2007, Avnet had sales of $15.68 billion.