Avnet Announces Agreement to Acquire Assets of USI Electronics
Avnet announced it has agreed to acquire substantially all of the operating assets of Universal Semiconductor (USI Electronics), a distributor of discrete semiconductor, passive, and electromechanical components to military and aerospace customers. USI Electronics services a broad customer base of small, medium, and large OEM business partners and differentiates itself by having the flexibility to provide same-day shipping, same-day tape-and-reeling, and personalized service while offering the technological solutions necessary to compete as a world-class global distributor. This transaction is expected to close within 30 days and will be integrated into Avnet Electronics Marketing, Americas.
“This acquisition is of strategic importance, as it enhances our competitive position in the higher value defense and aerospace segment,” said Ed Smith, president Electronics Marketing, Americas. “USI is a respected leader and established player in the space with a strong emphasis on providing business partners a best-in-class experience. Their value proposition complements our strategy as we extend our leading position in serving the electronic component needs of this vital segment.”
USI Electronics has 58 employees across five offices in the US, and one office in Denmark.
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