Avnet, Inc. (AVT) announced the acquisition of certain assets of Sunshine Joint Stock Company of Vietnam, further expanding its presence and customer base in ASEAN. Sunshine is a value add IT distributor providing server, storage and software products to system integrators and resellers throughout Vietnam.
The investment is expected to be immediately accretive to earnings and supports Avnet's return on capital goals.
Further, as part of the deal, the operations of Sunshine will be integrated into Avnet's Technology Solutions Asia business.
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