An Acquisitive New Year?

Earlier this week, {complink 453|Arrow Electronics Inc.} completed its acquisition of {complink 3916|Nu Horizons Electronics Corp.} In December, {complink 577|Avnet Inc.} gave analysts an update on its integration of {complink 671|Bell Microproducts}, which Avnet acquired late last year. While the distribution industry hasn't begun to approach the pace of consolidation it saw in the 1990s,…

Details

Avnet Sells New ProSys

PHOENIX — Avnet, Inc. (NYSE:AVT) announced today that it has sold New ProSys Corp. (“ProSys”), a value-added reseller and a leading provider of IT infrastructure solutions to a broad range of markets, to ACS Acquisition Corp., an affiliate of Applied Computer Solutions. Avnet acquired ProSys as part of the Bell Microproducts acquisition on July 6,…

Details

ISSI Completes Giantec Spinoff

SAN JOSE, Calif. — Integrated Silicon Solution, Inc. (Nasdaq: ISSI) today announced that it has completed the spin-off of its subsidiary, Giantec Semiconductor, Inc., which focuses on the ASSP business that includes EEPROM and SmartCard products. As part of the spin-off process, Giantec received an additional direct investment of $3.75 million from Shanghai Pudong Science…

Details

The Folly of Blocking Chinese Takeovers

I came across some recent articles in the European trade press that got me wondering about the Chinese investment trend and the impact foreign financing could have on the tech sector. European Union industry commissioner Antonio Tajani reportedly supports the establishment of a new authority that would examine foreign investments in strategic European businesses. Theoretically,…

Details

Mouser Stocking Molex Helieon Light Modules

MANSFIELD, Texas — Mouser Electronics, Inc., regarded as a top global engineering design resource for semiconductors and electronic components, today announced it is stocking new product from Molex. The Molex Helieon™ Sustainable Light Module is a remarkably simple solution that provides easy interchangeability, upgradeability, and replacement. The Helieon lighting system is the first plug-and-play, sustainable…

Details

Avnet Completes itX Acquisition

PHOENIX — Avnet, Inc. (NYSE:AVT) announced today that it has completed its acquisition of itX Group Limited (itX), a leading Australian value-added distributor of IT software, hardware and services, in an all cash merger valued at AU$77.5 million (USD$79.1 million). itX distributes products and services from the world's leading IT suppliers including Oracle, IBM, HP,…

Details

China: Still Room for Growth

China's growth as an economic powerhouse has so far been remarkable, and that may be only half the story. (See: High-Tech Sun Rising and Setting in China.) Electronics companies such as {complink 2125|Foxconn Electronics Inc.} are looking to expand into China's rural interior, which will have a positive impact on the buying power of a…

Details