Avnet (AVT) Acquires Electronic Component Distribution Business of C.R.G. Electronics
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Avnet, Inc. (NYSE: AVT) has acquired the operating assets of the electronic components distribution business of C.R.G. Electronics Ltd. (CRG), an Israeli company. CRG is a distributor of high quality PC products and electronic components serving the Israeli electronics industry. The transaction has already received regulatory approval.
The investment is expected to be immediately accretive to earnings and supports Avnet’s return on capital goal of 12.5%.
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The investment is expected to be immediately accretive to earnings and supports Avnet’s return on capital goal of 12.5%.
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