Avnet, Inc.

Avnet, Inc.

Avnet, Inc.

Overview
Date Founded

1955

Headquarters

2211 South 47th Street, Phoenix, AZ, 85034, USA

Type of Company

Public

Employees (Worldwide)

14.5K

Industries

Wholesale: Industrial Products & Manufacturing
Management Consulting
Internet Software & Services
Power & Utilities
Wholesale: Technology
Wholesale: Consumer Durables
Appliances & Electronics
Computer Software
Computer Hardware

Company Description

One of the world's largest trans-national electronics distributors of electronic parts, enterprise computing and storage products and embedded subsystems, Avnet provides a vital link in the technology supply chain. Market needs and trends drive Avnet's product and services strategy, supported by a global infrastructure. Avnet brings a breadth and depth of service capabilities, such as supply-chain and design-chain services, logistics solutions, product assembly, device programming, computer system configuration and integration, and technical seminars - all in addition to its core distribution services. Through its innovative and entrepreneurial spirit, and its passion for customer service, Avnet assures customers and suppliers that they have chosen the right partner to accelerate their success

Contact Data
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Executives & Employees

Chief Executive Officer

Chief Financial Officer

Chief Legal Officer & General Counsel

Chief Information Officer

Corporate Controller & Principal Accounting Officer

Senior Vice President & Chief People Officer

President, Avnet Electronics Marketing, Asia & Japan

Vice President

President

Board of Directors

President at 3ram Group LLC

Chief Executive Officer & Director at AARP, Inc. (District of Columbia)

Chief at Avnet, Inc.

Executive Vice President & Chief Operating Officer at Benchmark Electronics, Inc.

Avnet, Inc.

Director, President & Chief Executive Officer at Viavi Solutions, Inc.

Former Chief Executive Officer at Teradyne, Inc.

Chief Executive Officer at Avnet, Inc.

Former Chief Marketing Officer at Turner Broadcasting System, Inc.

President at S Group Advisory LLC

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Owners & Shareholders
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Pzena Investment Management is a global investment management firm that employs a classic value investment approach. The firm began managing assets on January 1, 1996. Our solid return record and reputation for business integrity, research excellence, and devotion to our investment philosophy has led to significant growth in our business. As of February 28, 2013, the firm managed $18.9 billion in assets for leading corporate, public, and individual clients. Our team is made up of 69 employees. Our headquarters is in New York City, with a representative office in Melbourne, Australia.

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AIM invests in global equities, with a singular focus on achieving superior capital appreciation through the consistent and disciplined implementation of a unique value investing approach, concentrating capital and research on high conviction investments. The firm also proactively engages with management teams and boards of directors of their portfolio companies in an effort to create value through an approach they refer to as Constructive Shareholder Activism. To seek what they consider being attractive value investments that are not highly traded by other alternative investment firms, they employ a rigorous, private-equity like research process. AIM’s investment process is driven by intensive bottom-up research and collaboration of their global investment team across geographies and sectors that leverage the firm’s collective experience in the US, Europe and Asia to identify investment opportunities.

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PCM employs an active, unconstrained (all countries, industries and market caps), value-oriented investment strategy. The firm utilizes a proprietary five factor global valuation model that produces a ranking of countries from the most undervalued to the most overvalued since country and industry factors have influences on security prices. The investment team conducts detailed fundamental research on the companies identified by the valuation screens. Their research process is almost entirely driven by a world-wide search for undervalued common stocks of well-run companies with sustainable business models that are priced to provide their required rate of return. Most investments are held for three to five years resulting in low portfolio turnover. In the portfolio construction process, PCM seeks to include a broad range of market-caps in the portfolio but does not attempt to override the results of the bottom-up investment process.

Recent Transactions
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Avnet, Inc. purchases Softweb Solutions, Inc.

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Avnet, Inc. purchases Dragon Innovation, Inc. from Foundry Group LLC, Lerer Hippeau, VegasTech.com LLC, BoxGroup Ventures LLC, Exeter Venture Management Co LLC

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Tech Data Corp. purchases Avnet, Inc. /Technology Solutions Bus from Avnet, Inc.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onArrow Electronics, Inc., Avnet, Inc., Permira Advisers LLP purchase VEBA Electronics Group from E.ON SE

Investment Advisor

Advised onArrow Electronics, Inc., Avnet, Inc., Permira Advisers LLP purchase VEBA Electronics Group from E.ON SE

Legal Advisor

Advised onAvnet, Inc. purchases Bell Microproducts, Inc.

Chair & Managing Partner

Advised onAvnet, Inc. purchases Memec Group Holdings Ltd. from Permira Advisers LLP

Legal Advisor

Advised onAvnet, Inc. purchases Softweb Solutions, Inc.

Legal Advisor

Advised onAvnet, Inc., Avnet (Holdings) Ltd. purchase Horizon Technology Group Ltd.

Advisors & Consultants
Legal Advisor

Chair & Managing Partner at Gibson, Dunn & Crutcher LLP

Legal Advisor

Partner at Gibson, Dunn & Crutcher LLP

Legal Advisor

Partner at Kasowitz, Benson & Torres LLP

Clients

Tech Mahindra is part of the USD 15.9 billion Mahindra Group and is a leading global systems integrator and business transformation consulting organization, focused primarily on the telecommunications industry. The Mahindra Group employs more than 155,000 people in over 100 countries and operates in key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Tech Mahindra expanded its IT portfolio in 2009 by acquiring the leading global business and information technology services company, Mahindra Satyam (earlier known as Satyam Computer Services). In 2012, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. In 2013, the Mahindra Group received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category Tech Mahindra’s capabilities spread across a broad spectrum, including Business Support Systems (BSS), Operations Support Systems (OSS), Network Design & Engineering, Next Generation Networks, Mobility Solutions, Security consulting and Testing. The solutions portfolio includes Consulting, Application Development & Management, Network Services, Solution Integration, Product Engineering, Infrastructure Managed Services, Remote Infrastructure Management and BSG (comprises BPO, Services and Consulting). With an array of service offerings for TSPs, TEMs and ISVs, Tech Mahindra is a chosen transformation partner for several leading wireline, wireless and broadband operators in Europe, Asia-Pacific and North America. Tech Mahindra has successfully implemented more than 18 Greenfield Operations globally and has over 140 active customer engagements mostly in the Telecom sector. The company has been involved in about 9 transformation programs of incumbent telecom operators. In the Telecom sector, Tech Mahindra has niche and proven domain expertise, distinctive IT skills, research and development, innovative delivery models and approach to off-shoring. Company’s solutions enable clients to maximize returns on IT investment by achieving faster time to market, reduced total cost of ownership resulting into high levels of customer satisfaction. Tech Mahindra’s achievements have been recognized by various industry analysts, forums and clients – winning several prestigious awards and accolades. Tech Mahindra has a global footprint through operations in more than 31 countries with 17 sales offices and 15 delivery centers. Assessed at SEI CMMi Level 5, Tech Mahindra's track record for value delivery is supported by over 49000 professionals who provide a unique blend of culture, domain expertise and in depth technology skill sets. Its development centers are ISO 9001:2008, ISO 20000, ISO 27000 & BS25999 certified.

While the Lenovo brand came into existence only in 2004, the company has a much longer history. In 1984, Legend Holdings was formed with 25,000 RMB in a guard house in China. The company was incorporated in Hong Kong in 1988 and would grow to be the largest PC company in China. Legend Holdings changed its name to Lenovo in 2004 and, in 2005, acquired the former Personal Computer Division of IBM, the company that invented the PC industry in 1981. Today, Lenovo is a US$21 billion personal technology company and the world’s second-largest PC vendor. We have more than 26,000 employees in more than 60 countries serving customers in more than 160 countries. A global Fortune 500 company, we have headquarters in Beijing, China and Morrisville, North Carolina, U.S.; major research centers in Yokohama, Japan; Beijing, Shanghai and Shenzhen, China; and Morrisville; and we have manufacturing around the world from Greensboro, North Carolina and Monterrey, Mexico to India, China and Brazil. We create and build exceptionally engineered personal technology, but we are much more than a tech company. We are defining a new way of doing things as a next generation global company. We have our core strength in China, rapid growth in emerging markets and a unique global footprint. Lenovo builds on its dominant position in China to grow globally. The expansion from East to West— introducing our newest products in China and then spreading across the globe— is a new way of viewing the world, one we believe will be the way of the future. That means we are years ahead of the game in terms of understanding what it will take to win 5 or even 10 years from now. That focus on the future is based on a strong history of success that is driving results today. We have momentum. Long the leader in China with more than 30 percent market share in PCs, Lenovo is growing rapidly and winning market share in all parts of the world. Lenovo has realized strong, balanced growth while achieving a number of major breakthroughs. Achieving optimal balance in all that we do is Lenovo’s operating philosophy. This mindset encompasses every aspect of Lenovo’s business, from balancing leadership with consensus-building, to valuing both short- and long-term thinking. As a result, we have created a balanced business model and strategy that take maximum advantage of profit and investment across both core and new businesses. Lenovo has consistently outgrown the worldwide PC market in unit shipments and gained market share across all geographies, products and customer segments, making it the fastest growing of the four major PC companies in the world for two years running. We are the number one PC company in China and now in Japan. We are the number one PC company in the world for large business and the public sector. We have been the fastest growing major consumer PC brand on the planet in the past year. We make the fastest booting notebook in the world. It’s a ThinkPad—and in 18 years, 60 million of them have been sold. We make a smart phone in China and every day our app store there delivers more than 25,000 downloads. We have launched a family of tablets targeting both the consumer and commercial markets internationally. We’re growing in triple digits in the all-in-one market worldwide, funding an application developers’ movement in China, and growing our retail presence from Germany to Japan. Lenovo’s business is built on product innovation, a highly efficient global supply chain and strong strategic execution. The company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services for customers who want technology that does more— because people have a lot more to do. Our product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations and a family of mobile internet devices, including tablets and smart phones. We have a long-term goal of becoming the leading personal technology company in the world. We aspire to achieve this goal by leading in three key areas: Personal Computers: Lead in PCs and be respected for our product innovation and quality. Convergence: Lead the industry with an ecosystem of devices, services, applications and content for people to seamlessly connect to people and Web content. Culture: Become recognized as one of the best, most trusted and most well-respected companies to work for and do business with. And we want to do it the right way— the Lenovo Way— with our own perspective, our own global point of view and our own commitment to building technology for people who view technology as a tool to accomplish great things. Our Values At Lenovo we view our culture as a critical asset as important as an effective business model. We call our culture the Lenovo Way, and at its most basic, that culture is reflected in the statement: We do what we say and own what we do. Our values serve as the foundation of our company and define who we are and how we work. Principal among them are: Serving Customers Trust and Integrity Teamwork Across Cultures Innovation and Entrepreneurial Spirit Our Heritage Lenovo came about as the result of the merger of two of the most storied companies in technology and business: Legend Holdings in China and IBM’s Personal Computing Division in the United States. The merger was heralded as a watershed event in global business with the potential for integrating two disparate cultures, languages, processes and markets. As a result, Lenovo embodies unique market possibilities in combining the best of East and West— joining North American and China-based technology players in the creation of a unified global personal technology leader with growing market positions in developed and emerging markets alike. Everyone at Lenovo takes great pride in our ability to attract top talent from diverse backgrounds, representing a broad collection of nationalities and languages. We view our differences and diversity as a source of strength in building a collaborative culture with one unified language and vision: to build the world’s most exceptionally engineered personal technology products and services.

Samsung Electronics Co., Ltd. engages in the manufacturing and selling of electronics and computer peripherals. The company operates through following business divisions: Consumer Electronics, Information Technology & Mobile Communications and Device Solutions. The Consumer Electronics business division provides cable television, monitor, printer, air-conditioners, refrigerators, washing machines and medical devices. The Information Technology & Mobile Communications business division offers handheld products, communication systems, computers and digital cameras. The Device Solutions business division comprises of memory, system large scale integrated circuit and light emitting diode. The company was founded on January 13, 1969 and is headquartered in Suwon, South Korea.

Key Stats and Financials As of 2021
Market Capitalization
$3.9B
Total Enterprise Value
$5.32B
Earnings Per Share
$1.93
Revenue
$19.5B
Enterprise Value / Sales
0.27x
Enterprise Value EBITDAOperating
9.06x
TEVNet Income
27.56x
Debt TEV
0.28x
EBITDAMargin
2.84%
EBITDA
$554M
Total Equity
$4.08B
Total Debt
$1.51B
Net Profit
$193M
Three Year Compounded Annual Growth Rate Of Revenue
0.86%
Investments
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BFi OPTiLAS International SAS distributes technical products for the photonics and electronics markets. The company markets and supplies imaging solutions and detection products, including thermal infrared and visible cameras, thermograph cameras, industrial CCD cameras, microscopy cameras, and imaging processing software. Its lasers and optical components include visible and infrared laser diodes, CO2 air cooled lasers, and diode pumped lasers. The company was founded in 1955 and is headquartered in Evry, France.

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Consonus is an IT solutions provider of Data Centers, IT Consulting and Infrastructure, and Managed Services. Its comprehensive suite of IT Infrastructure Services, combined with its highly secure and reliable data centers, allows it to address its customers' critical needs of availability, data manageability, disaster recovery, and consolidation.Whether a customer's business needs demand a single, focused solution or a comprehensive blend of managed IT services, its experts can architect, implement, support, and secure your mission-critical data and IT infrastructure by optimizing your environment through Virtualization Solutions, Data Protection Solutions and archiving, and Disaster Recovery Solutions.It has a large and diverse customer base comprised of more than 850 active customers in the United States. These customers represent a cross-section of industries and sizes, ranging from Fortune 100 companies to start-ups in which IT is a competitive differentiation. Consonus offers a full arsenal of expertise aimed at advancing the capabilities of its customers' mission-critical computing environments. It utilizes complete lifecycle approach to IT Consulting Services, beginning with needs and design consulting and continuing with solution implementation, complemented by an array of IT operations support including managed services and managed hosting and completed by full 24x7 vendor-authorized support.

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Defendry LLC provides active surveillance platform for businesses of all types. Its platform utilizes proprietary artificial intelligence to prevent and expedite resolution of active shooter situations. The company was founded by Patrick M. Sullivan and Sean Huver and is headquartered in Scottsdale, AZ.

Investors
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Venture Partner at FJ Labs, Inc.

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Limited Partner at Lead Edge Capital Management LLC

Suppliers
Data I/O Corp. Appliances & Electronics | Redmond, WA

Data I/O Corp. engages in the provision of manual and automated security provisioning and device programming. The firm offers automated programming systems, manual programmers, and software solutions. It serves the automotive electronics, industrial controls, wireless devices, programming centers, and medical devices industries. The company was founded by Grant C. Record and Milt Zeutchel in 1969 and is headquartered in Redmond, WA.

Diodes Inc. Semiconductors | Plano, Texas

Diodes Incorporated (Nasdaq: DIOD), a Standard and Poor’s SmallCap 600 and Russell 3000 Index company, is a leading global manufacturer and supplier of high-quality application specific standard products within the broad discrete, logic, and analog semiconductor markets. Diodes serves the consumer electronics, computing, communications, industrial, and automotive markets. Diodes' products include diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate logic, amplifiers and comparators, Hall-effect and temperature sensors; power management devices, including LED drivers, DC-DC switching and linear voltage regulators, and voltage references along with special function devices, such as USB power switches, load switches, voltage supervisors, and motor controllers

Fairchild Semiconductor International, Inc. Computer Software | San Jose, California

Fairchild Semiconductor International, Inc. designs, develops and markets analog discrete, logic, and non-volatile memory semiconductors. The company was founded by Gordon E. Moore, C. Sheldon Roberts, Eugene Kleiner, Robert N. Noyce, Victor H. Grinich, Julius Blank, Jean A. Hoerni and Jay T. Last on October 1, 1957 and is headquartered in San Jose, CA.

Competitors
Berkshire Hathaway, Inc. Other Insurance Services - Greenwich, Connecticut

Berkshire Hathaway, Inc. engages in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, and retailing services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segment involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Arrow Electronics, Inc. Wholesale: Industrial Products & Manufacturing - Englewood, CO

Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions, with 2011 sales of $21.4 billion. Arrow serves as a supply channel partner for more than 120,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 390 locations in 53 countries. A Fortune 200 company with 15,700 employees worldwide, Arrow brings technology solutions to a breadth of markets, including telecommunications, information systems, transportation, medical, industrial and consumer electronics.

WPG Holdings Ltd. Wholesale: Industrial Products & Manufacturing - Taipei, Taiwan

WPG Holdings Ltd. operates as a holding company, which manufactures electronic parts and equipment. The company offers services for original equipment manufacturers, original design manufacturers, electronic manufacturing service providers and small and medium enterprises. The company was founded on November 9, 2005 and is headquartered in Taipei, Taiwan.

Awards & Honors
Rank #102
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #102
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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