Phoenix—Dec. 17, 2012—Avnet Inc., a global distributor of electronic components, computer products and embedded technology, agreed to acquire substantially all of the operating assets of Fort Lauderdale, Fla.-based Universal Semiconductor Inc. (USI Electronics Inc.) a distributor of discrete semiconductor, passive and electromechanical components to the military and aerospace customers.
“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 for Avnet Inc. “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 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. Additionally, this acquisition is expected to be immediately accretive to earnings and supports Avnet's return on capital goal of 12.5 percent.