DAILY NEWS Dec 17, 2012 7:40 AM - 0 comments

Avnet to acquire USI Electronics assets

Deal expands Avnet's footprint in the defense aerospace vertical

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2012-12-17

Avnet Inc., Phoenix AZ, has agreed to acquire substantially all of the operating assets of Universal Semiconductor Inc., Fort Lauderdale FL, a specialized distributor of discrete semiconductor, passive and electromechanical components to the military and aerospace customers.

USI Electronics services a broad customer base of small, medium, and large OEM business partners and differentiates itself by having the flexibility to provide same day shipping, same day tape and reeling, and personalized service while offering the technological solutions necessary to compete as a world-class global distributor. This transaction will be integrated into Avnet Electronics Marketing, Americas.

“This acquisition is of strategic importance as it enhances our competitive position in the higher value defense and aerospace segment,” said Ed Smith, president Electronics Marketing, Americas. “USI is a respected leader and established player in the space with a strong emphasis on providing business partners a best-in-class experience. Their value proposition complements our strategy as we extend our leading position in serving the electronic component needs of this vital segment.”

USI Electronics operates on the premise that military component purchasing is made easier by offering superior specialized service. USI's philosophy is to solve the complex component needs of the military customer via a service team offering exceptional product knowledge and service backed by inventory depth and breadth. USI Electronics has 58 employees across five offices in US and one in Denmark. The company generated revenue of approximately US $70-million in the 2011 calendar year.

Companies in This Story

Avnet Canada Inc.



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