Avnet to Buy Access Distribution
Monday, 6 November, 2006 at 8:19 am | In IT distribution, Microelectronics | 3 CommentsAvnet, Inc. and MRA Systems, Inc., a subsidiary of General Electric Company, announced today that they have reached a definitive agreement for Avnet to acquire Access Distribution, a General Electric company and leading value-added distributor of complex computing solutions for $412,5 million in cash, subject to adjustments based upon net book value at closing. It is anticipated that the transaction, which is subject to normal regulatory approvals, will close by the end of calendar 2006.
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