Avnet, Inc. Acquires Brazilian Distributor

Roy Vallee, Chairman and Chief Executive Officer of Avnet, Inc. (NYSE: AVT), today announced that Avnet has completed the acquisition of a 70-percent interest in Bridge International, one of Brazil's largest electronics component distributors with sales of approximately $7 million () in its latest fiscal year. As the majority shareholder of Bridge International, Avnet will rename the business Avnet do Brasil. Headquartered in Sao Paulo, Brazil, the new entity will operate as a member of Avnet Electronics Marketing Americas (EMA) under the direction of regional manager, Jose Luis Vara. Mr. Vara will report to Beth Ely, Avnet EMA Vice President/Area Director of Latin America. Avnet do Brasil will offer electronic components to customers in this region, as well as the value-added services of Avnet Integrated Material Services (IMS). Operations in Brazil will include a dedicated Avnet EMA sales team, administration and an electronic components warehouse. "Avnet do Brasil was created in response to our global strategy to offer services in every country where electronic components are needed," said Mr. Church, President of Avnet EMA. "As many of our global customers are establishing new or expanding existing operations, they are asking Avnet to locate in Brazil to support their electronic component requirements. Avnet do Brasil will allow these customers, as well as new customers in Brazil, to access Avnet inventories, plus our Integrated Material Services." According to Mr. Church, many of these customers want local inventory which translates into products better tailored to their needs, faster inventory replenishment and more efficient just-in- time delivery. A strong technical focus was a key reason for Avnet's acquisition of Bridge International. Avnet and Bridge share a similar vision of the importance of demand creation and recognize the opportunities of introducing Avnet's strength in demand fulfillment through Avnet IMS offerings. "We are confident that Avnet do Brasil will capitalize on each firm's strengths and create a company with a tremendous value proposition for the Brazilian components market," Mr. Church added. "The Bridge International team and I are very enthusiastic and excited about joining the Avnet team and implementing a new distribution concept in the Brazilian market," said Mr. Vara. "We are sure that Avnet do Brasil will fulfill customers' needs for competitiveness and success. Avnet do Brasil's aim is to become the recognized leader in electronic components distribution in Brazil." About Bridge International: Bridge International Comercio E Importacao Ltda. was founded in 1992 to service the telecommunications, computer, automotive, industrial and subcontractor markets in Brazil through its Sao Paulo office and its affiliate, Excalibur International, in Boca Raton, Florida. At the time of acquisition, its lines included Analog Devices, Bourns, Power Innovations, Siemens, Temic and Texas Instruments. Bridge maintains local inventory for its customer base in Brazil and provides technical support before and after sales. It routinely conducts technical workshops and assists with customers' designs. About Avnet Electronics Marketing: Avnet Electronics Marketing is an operating group of Avnet, Inc. Avnet, Inc. is a Fortune 500 company with annual sales exceeding $5.9 billion. Avnet Electronics Marketing markets, inventories and adds value to semiconductors, interconnect, passive and electromechanical products, RF/microwave products and OEM systems for industrial and military equipment customers worldwide. For more information, visit the Avnet Electronics Marketing home page at www.em.avnet.com. ots Original Text Service: Avnet, Inc. Internet: http://www.newsaktuell.de Contact: John Cole, Controller, john.cole@avnet.com, or Raymond Sadowski, SVP & CFO, both of Avnet, Inc., 602-643-7291, fax 602-643-7363 Web site: http://www.em.avnet.com Web site: http://www.avnet.com

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