Electronics distributor Avnet, Inc. has acquired Source Electronics Corp., Hollis, NH.
Source is a provider of outsourced custom programming services for integrated circuits (IC). Source serves original equipment manufacturers (OEMs), contract manufacturers (EMS) and component manufacturers. From facilities in Brazil, China, Mexico, Singapore and the U.S., Source supports end markets including consumer electronics, automotive, mobile communications, telecommunications, networking, computing and enterprise storage.
Source will be integrated into the services operations of Avnet Logistics, a division of Avnet that delivers logistics and programming services globally.
For the fiscal year ended June 30, 2007, Avnet had revenues of $15.68 billion.