Avnet (AVT) Acquires J.C. Tally Trading, Shanghai FR
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Avnet, Inc. (NYSE: AVT) reports it has acquired J.C. Tally Trading Co., Ltd (J.C. Tally) and its affiliate Shanghai FR International Trading.
Financial terms of the deal were not disclosed.
J.C. Tally generated revenue of approximately US$90 million in calendar 2010. Tally will be integrated into the operations of Avnet Electronics Marketing Asia. The transaction is expected to be immediately accretive to earnings and supports Avnet's long-term return on capital goal of 12.5 percent.
Financial terms of the deal were not disclosed.
J.C. Tally generated revenue of approximately US$90 million in calendar 2010. Tally will be integrated into the operations of Avnet Electronics Marketing Asia. The transaction is expected to be immediately accretive to earnings and supports Avnet's long-term return on capital goal of 12.5 percent.
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