Avnet Acquires Eurotone for Boosting China’s Renewable Market

Avnet Inc. has acquired Eurotone Electric Limited towards boosting the renewable energy market in China. Eurotone is a distributor of engineering focus electronic components while providing general purpose inverters for solar as well as wind power applications.

This acquisition is anticipated to increase the earnings of Avnet while achieving a minimum of 12.5% return on capital.

Avnet is a global major in distributing computer products as well as embedded technology along with electronic components. This acquisition broadens Avnet’s product line  while also adding market leading products towards making meaningful contributions to China’s green initiatives.

Eurotone distributes products for green energy companies that work towards supporting China’s initiatives in the field of alternative energy. Avnet’s scope and scale combined with Eurotone’s talented staff will facilitate in increasing the penetration into China’s fast growing market while also increasing the overall customer base.