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01/12/2008
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Avnet has entered into an agreement to acquire Tokyo based distributor Nippon Denso Industry (NDI).
The acquisition is being made through Avnet’s subsidiary, Avnet Japan Co and is expected to close by December 29 2008.
Harvey Feldberg, global president of Avnet Electronics Marketing commented: “This acquisition expands our presence and enhances our competitive position in one of the world’s largest markets for electronic components. NDI brings Avnet exciting new talent with significant design and engineering expertise which, when combined with our existing team, accelerates our growth in this strategic country by increasing the value we deliver to customers and suppliers alike.”
NDI’s existing president, Yukio Kawabata will continue to serve as a member of the executive management team of Avnet EM Japan. Besides a Tokyo based headquarters and warehouse, NDI also has five sales offices within Japan, two international sales offices based in Singapore and Hong Kong and an international subsidiary in Shanghai, China.
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Author
Chris Shaw
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