Avnet Acquires Majority Stake In MSC Investoren - Quick Facts

(RTTNews) - Avnet, Inc. (AVT) Tuesday said it has acquired a majority interest in MSC Investoren GmbH as the first step of a two-part transaction in which Avnet will ultimately acquire the remainder of the company.

MSC is a recognized value-add distributor focused on electronic component distribution, embedded computing technology and display solutions, as well as design and manufacturing.

"The acquisition of the MSC Group further strengthens our leadership position in electronic component distribution while adding a new growth opportunity in embedded computing and display solutions, " said Patrick Zammit, President of Avnet Electronics Marketing EMEA.