Avnet, Inc. Acquires Majority Interest in MSC Investoren GmbH

  Avnet, Inc. Acquires Majority Interest in MSC Investoren GmbH

Strengthens Leadership Position in Semiconductor Distribution While Expanding
             Presence in Embedded Computing and Display Solutions

Business Wire

PHOENIX -- October 1, 2013

Avnet, Inc. (NYSE:AVT) announced today that it has acquired a majority
interest in MSC Investoren GmbH (“MSC Group”) as the first step of a two part
transaction in which Avnet will ultimately acquire the remainder of the
company. MSC is a recognized value-add distributor focused on electronic
component distribution, embedded computing technology and display solutions,
as well as design and manufacturing. MSC leverages its unique combination of
distribution, production and system integration capability to address the
emerging customer demand for more complex electronic products. In calendar
year 2012, MSC generated revenue in excess of US$450 million, with embedded
computer technology (including display solutions) accounting for almost 50
percent of its sales.

Patrick Zammit, President of Avnet Electronics Marketing EMEA, said, “The
acquisition of the MSC Group further strengthens our leadership position in
electronic component distribution while adding a new growth opportunity in
embedded computing and display solutions. MSC’s strength in systems level
solutions expands our portfolio to address the increasingly complex needs of
our customer base in the European industrial electronics market. We are
excited to welcome the talented team of MSC Group into our organization. I am
confident that the combined organization will allow us to serve the technology
value chain deeper and wider and accelerate profitable growth in the region.”

Founded in 1979, MSC Group has grown from a product distributor to a
consultative partner for customers in the automotive, industrial automation,
telecom, information systems and medical device markets. MSC Group's logistics
and distribution capabilities, along with its competence in board-level
assemblies and system integration, allows it to address customers' increasing
requirements along the electronics value chain. With a team of field
application engineers and product specialists, MSC Group provides a range of
technical support throughout the entire product development cycle from design
to finished system. The operations of MSC Group will become part of the
European business region of Avnet Electronics Marketing.

This acquisition is expected to be immediately accretive to earnings and
achieve Avnet's return on capital goal of 12.5 percent.

Forward-Looking Statements

This press release contains certain "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These statements are
based on management's current expectations and are subject to uncertainty and
changes in facts and circumstances. The forward-looking statements herein
include statements addressing future financial and operating results of Avnet
and may include words such as "will," "anticipate," "expect," believe,"
"intend," and "should," and other words and terms of similar meaning in
connection with any discussions of future operating or financial performance
or business prospects. Actual results may vary materially from the
expectations contained in the forward-looking statements.

The following factors, among others, could cause actual results to differ
materially from those described in the forward-looking statements: the
Company's ability to retain and grow market share and to generate additional
cash flow, risks associated with any acquisition or disposition activities,
the successful integration of acquired companies, any significant and
unanticipated sales decline, changes in business conditions and the economy in
general, changes in market demand and pricing pressures, any material changes
in the allocation of product or product rebates by suppliers and other
competitive and/or regulatory factors affecting the businesses of Avnet
generally.

More detailed information about these and other factors is set forth in
Avnet's filings with the Securities and Exchange Commission, including the
Company's reports on Form 10-K, Form 10-Q and Form 8-K. Except as required by
law, Avnet is under no obligation to update any forward-looking statements,
whether as a result of new information, future events or otherwise.

About Avnet

Avnet, Inc. (NYSE:AVT), a Fortune 500 company, is one of the largest
distributors of electronic components, computer products and embedded
technology serving customers globally. Avnet accelerates its partners' success
by connecting the world's leading technology suppliers with a broad base of
customers by providing cost-effective, value-added services and solutions. For
the fiscal year ended June 29, 2013, Avnet generated revenue of $25.5 billion.
For more information, visit www.avnet.com. (AVT_IR)

Visit Avnet's Investor Relations Website at www.ir.avnet.com or contact us at
investorrelations@avnet.com.

Contact:

Investor Relations Contact:
Avnet, Inc.
Vincent Keenan, 480-643-7053
Vice President, Investor Relations
vincent.keenan@avnet.com
or
Public Relations Contact:
Avnet Electronics Marketing EMEA
Georg Steinberger, +49 (0) 8121 774 203
Vice President, Communications
georg.steinberger@avnet.eu
or
Public Relations Contact:
Avnet, Inc.
Michelle Gorel, 480-643-7653
Vice President, Public Relations & Corporate Communications
michelle.gorel@avnet.com
 
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