Avnet, Inc. has agreed to buy UK-based distributor Azzurri Technology Ltd. Azzurri is a distributor of high technology semiconductors and embedded systems products in Europe.
Upon closing, Azzurri will be integrated into Avnet Electronics Marketing EMEA primarily within the Avnet Memec specialist division.
Azzurri has operations in the UK, Germany, France and Italy. Its annual revenue is US$100 million and it employs about 80 people.
Avnet is a distributor of electronic components, computer products and technology services and solutions with more than 300 locations serving more than 70 countries worldwide. For the fiscal year ended June 30, 2007, Avnet had sales of $15.68 billion.