Last $43.76 USD
Change Today -0.19 / -0.43%
Volume 777.1K
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As of 8:04 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

2211 South 47th Street

Phoenix, AZ 85034

United States

Phone: 480-643-2000


Avnet, Inc., together with its subsidiaries, engages in the distribution of electronic components, enterprise computer and storage products, IT services and embedded subsystems. The company creates a link in the technology supply chain that connects the world’s electronic component and computer product manufacturers and software developers with a customer base of original equipment manufacturers (OEMs), electronic manufacturing services (EMS) providers, original design manufacturers (ODMs), systems integrators (SIs), independent software vendors (ISVs), and value-added resellers (VARs). The company distributes electronic components, computer products and software, as received from its suppliers or through a customized solution, and offers assembly and other value-added services. In addition, it provides engineering design, materials management and logistics services, system integration and configuration, and supply chain services customized to meet specific requirements of both customers and suppliers. Operating Groups The company has two primary operating groups — Electronics Marketing (EM) and Technology Solutions (TS). Both operating groups have operations in each of the three economic regions worldwide: the Americas; Europe, the Middle East and Africa (EMEA); and Asia/Pacific, consisting of Asia, Australia and New Zealand (Asia or Asia/Pac). ELECTRONICS MARKETING EM markets and sells semiconductors, interconnect, passive and electromechanical devices (IP&E) and embedded products for the electronic component manufacturers. EM markets and sells its products and services to a diverse customer base serving various end-markets, including automotive, communications, computer hardware and peripherals, industrial and manufacturing, medical equipment, and defense and aerospace. It also offers an array of value-added services that help customers evaluate, design-in and procure electronic components throughout the lifecycle of their technology products and systems. EM Design Chain Services: EM offers design chain services that provide engineers a host of technical design solutions in support of the sales process of complex products and technologies. With access to a suite of design tools and engineering services from any point in the design cycle, customers can get product specifications along with evaluation kits and reference designs that enable a range of applications from concept through detailed design including new product introduction. EM also offers engineering and technical resources deployed to support product design, bill of materials development, design services and technical education and training. By utilizing EM’s design chain services, customers can optimize their component selection and accelerate their time to market. EM Supply Chain Services: EM supply chain services provide end-to-end solutions focused on OEMs, EMS providers and electronic component manufacturers, enabling them to optimize supply chains on a local, regional or global basis. By combining internal competencies in global warehousing and logistics, finance, information technology and asset management with its global footprint and partner relationships, EM’s supply chain services develop a deeper level of engagement with its customers. Embedded Solutions: In the Americas, Avnet Embedded provides embedded computing solutions, including technical design, integration and assembly to developers of application-specific computing solutions in the non-PC market. Customers include OEMs targeting the medical, telecommunications, industrial and digital editing markets. EM Sales and Marketing Divisions: EM Americas addresses the needs of its customers and suppliers through focused channels to service small- to medium-sized customers, global customers, defense and aerospace customers and contract manufacturers. EM Asia goes to market with sales and marketing divisions within China, South Asia, Australia, New Zealand and Taiwan. EM Japan has sales and marketing divisions to serve Japanese OEMs in Japan, Southeast Asia and China. TECHNOLOGY SOLUTIONS As a global IT solutions distributor, TS focuses on the value-added distribution of enterprise computing servers and systems, software, storage, services and complex solutions from the technology manufacturers. TS serves various customer segments, from VARs, SIs and ISVs to worldwide OEMs. It also serves non-PC OEMs requiring embedded systems and solutions including engineering, product prototyping, integration and other value-added services. In addition, TS provides the latest hard disk drives, microprocessor, motherboard and DRAM module technologies to manufacturers of general-purpose computers and system builders. The company’s SolutionsPath provides partners with the education, tools, resources and skills needed around core data center technologies: big data and analytics, cloud, converged infrastructure, mobility, storage and security and networking. Additionally, the company provides select partners with the specialization required to sell these solutions into high-growth vertical markets including energy, finance, government, healthcare and retail. Avnet Services Avnet Services is a business unit within TS. It provides a portfolio of businesses, IT lifecycle, education, cloud and managed solutions. The Avnet Services team specializes in, but is not limited to, infrastructure and application management, business commerce and analytics, cloud enablement, big data, aftermarket and IT lifecycle services, and multilingual vendor accredited training. Seasonality Historically, the company’s business has not been materially impacted by seasonality, with the exception of a relatively minor impact on consolidated results from the growth in sales at the TS business during the December quarter primarily driven by the calendar year end selling and buying patterns of suppliers and customers, respectively. Competition The company competes with Arrow Electronics, Inc.; Future Electronics; World Peace Group; Ingram Micro, Inc.; and Tech Data Corp. History Avnet, Inc. was founded in 1955.


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