AVNET INC

Avnet, Inc. is a global electronic component technology distributor and solutions provider founded in 1921. The company works with electronic component manufacturers to serve customers in more than 140 countries, including startups, mid-sized businesses, original equipment manufacturers (OEMs), electronic manufacturing services (EMS) providers, and original design manufacturers (ODMs). Avnet operates through two primary groups: Electronic Components (EC) and Farnell. Both groups have operations in the Americas, Europe, Middle East, and Africa (EMEA), and Asia/Pacific (Asia). Each operating group has its own management team and distinct financial reporting. Regional divisions within each group primarily function as sales and marketing units, supported by services from the operating groups and centralized corporate support. The Electronic Components (EC) group primarily serves high and medium-volume customers. It markets, sells, and distributes electronic components from leading manufacturers, including semiconductors, IP&E components (interconnect, passive and electromechanical components), and other integrated and embedded components. EC serves various markets such as industrial, automotive, defense, and aerospace.