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Avnet Acquires YEL Electronics in Hong Kong

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 ...

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.

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