Avnet (AVT) Completes PDSi Acquisition

Avnet, Inc. (NYSE: AVT) announced today that it has completed its acquisition of Pinnacle Data Systems, Inc. (“PDSi”). The acquisition is expected to be immediately accretive to earnings and supports Avnet’s return on capital goal of 12.5 percent.

For the calendar year 2010, PDSi generated revenue of approximately $29 million. PDSi will become part of Avnet Integrated Resources, which provides reverse logistics and after-market services to the global technology industry.

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