Avnet acquires assets of Sunshine Joint Stock Company
Dec 02, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
Company: Avnet, Inc. (AVT)
Avnet, Inc., a US-based industrial distributor of electronic parts, enterprise computing and storage products and embedded subsystems, has acquired certain assets of Sunshine Joint Stock Company, a Vietnam-based IT distributor providing server, storage and software products.
Deal Type Acquisition Sub-Category Asset Purchase Deal Status Completed: 2009-12-01
Deal Participants
Target (Company) Sunshine Joint Stock Company - Assets Acquirer (Company) Avnet, Inc. Vendor (Company) Sunshine Joint Stock Company
Deal Rationale
The acquisition will provide Avnet new opportunities to accelerate growth and expand in the ASEAN markets.
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News Provided by COMTEX
Company: Avnet, Inc. (AVT)
Related terms: acquisition, distributor, industrial, products, software, vietnam
