Based in Phoenix, AZ, Avnet Inc., (AVT) is one of the world’s largest distributors of electronic components and computer products. The company’s customer base includes original equipment manufacturers (OEMs), electronic manufacturing services (EMS) providers, original design manufacturers (ODMs), and value-added resellers (VARs). Avnet maintains an extensive inventory, including electronic products from more than 300 component and system manufacturers, which it distributes to customers worldwide.

Avnet distributes products for companies like International Business Machines Corp. and Hewlett-Packard Co. As part of its major restructuring initiative to focus on high growth businesses, the company sold its troubled TS business to Tech Data Corp. in a cash-stock deal worth $2.6 billion during fiscal 2017.

Avnet has two major operating segments — Electronic Components (EC) and Premier Farnell (PF). Through the EC segment, the company distributes semiconductors and Interconnect, passive and electromechanical devices (IP&E), and provides supply chain management, inventory replenishment system and non-complex engineering design services. This segment also offers integrated solutions, including technical design, integration and assembly of embedded products, systems and solutions for industrial applications.

Avnet’s PF segment supports low volume customers that require electronic components quickly to develop and test their products. This segment provides a comprehensive suite of kits, tools, electronic components and industrial automation components to both engineers and entrepreneurs.

The company operates across the Americas; Europe, Middle East and Africa (EMEA); and Asia/Pacific (Asia) regions. Region wise, Avnet generated approximately 25.7% of revenues from operations in the Americas in fiscal 2023 while EMEA contributed about 34.8%. Asia accounted for 39.6% of revenues.

Avnet’s major competitors include Arrow Electronics Inc., Future Electronics, World Peace Group, Mouser Electronics and Digi-Key Electronics.