industry electronics founded 1921 new york city headquarters phoenix arizona united states key people william amelio ceo 1 william h. schumann iii executive chairman kevin moriarty cfo revenue us 26.2 b fy 2016 2 operating income us 788m fy 2016 2 net income us 507m fy 2016 2 total assets us 11.2 b fy 2016 2 total equity us 4.7 b fy 2016 2 number of employees approx . 17 700 3 website www.avnet.com avnet inc. is a business to business technology distributor headquartered in phoenix arizona . avnet is a fortune 500 company and one of the largest global distributors of electronic components computer products and embedded technology . 4 contents 1 history 2 operating groups 2.1 avnet electronics marketing 2.2 avnet technology solutions 2.3 avnet logistics 3 offices 4 acquisitions 5 notes 6 external links 6.1 company links 6.2 related company sites history edit in 1921 charles avnet a 33 year old russian immigrant began buying surplus radio parts and selling them to the public on the radio rows of united states port cities . in the mid 1920s when factory made radios began to replace radio parts avnet adjusted his distribution pipeline and began selling parts to manufacturers and dealers . during the great depression avnet shifted the focus from retailing to wholesaling . 5 in the mid 1920s to the early 1930s avnet diversified by branching out into car radio kits and automobile assembly kits . during world war ii avnet made antennas for the u.s. armed forces . his son lester avnet joined the business at that time . 6 avnet was incorporated in 1955 . in 1956 a second connector assembly plant was opened near los angeles for the aircraft industry . in 1959 the company went public on the american stock exchange . in the mid 1960s the company briefly owned several record labels including liberty records and blue note . 7 over the next ten years avnet expanded with several acquisitions in the new fields of semiconductors relays and potentiometers . 5 it also became a value added distributor of it products and the largest customer partner of ibm . citation needed ceo leaders since the 1970s for avnet have included tony hamilton leon machiz roy vallee rick hamada and william amelio 8 current . under vallee the company acquired 60 companies and grew globally . the company relocated its corporate headquarters to phoenix from great neck ny in 1998 . in july 2010 the company purchased bell microelectronics for 631m at the time the largest acquisition in the company s history . 9 in july 2016 it was announced that chief executive rick hamada would step down from his position and william j. amelio would be interim chief executive . 10 in sept 2016 tech data purchased avnet technology solutions for 2.6 b. more details to follow operating groups edit this article is incomplete . please help to improve it or discuss the issue on the talk page . february 2009 avnet electronics marketing edit avnet electronics marketing is a technology industry based marketing distribution and services company . it primarily sells electronic components from various manufacturers and provides engineering design chain services . in europe the business consists of avnet memec silica avnet abacus avnet embedded and ebv . these operating entities are referred to as speedboats within the business . citation needed avnet technology solutions edit avnet technology solutions handles complete systems and products . they primarily provide services for other companies who wish to purchase all of their technology and training from a single source . avnet logistics edit avnet logistics employs more than 1 600 people and occupies approximately 1 300 000 square feet 120 000 m2 of warehousing space in 16 global locations principally in north america europe and asia . 11 avnet provides technical services such as ic programming connector and cable assembly and tape and reel and customized packaging . 11 industry analysts say the key to avnet s long term success is its supply chain management solutions which include forecasting component demand distribution management vendor managed inventory vmi and just in time delivery . 11 offices edit avnet has locations in 34 countries . this list is incomplete . 12 phoenix headquarters center belgium center 13 poing headquarters emea poing is just outside munich . the avnet em speedboats avnet abacus avnet memec silica ebv are located at poing . san antonio center 1 000 square foot 93 m2 ibm business partner innovation center opened july 19 2006 . it s avnet s only ibm business partner innovation center in north america ibm has over 50 centers in the united states . the center will bring companies to san antonio to see the latest in ibm technology and to test hardware and software . the center is the largest computer vendors dealer in san antonio . 14 15 16 17 18 acquisitions edit this article or section may need to be formatted . you can help wikipedia by formatting it if you know how . please also consider changing this notice to be more specific . february 2015 this section contains embedded lists that may be better presented using prose . you can help by converting the list or lists to prose if appropriate . editing help is available . september 2015 learn how and when to remove this template message since roy vallee assumed the ceo post in 1998 the company has made more than 90 acquisitions . they are listed below exit certified 2016 19 orchestra services 2015 20 msc investoren gmbh 2013 21 seamless technologies inc. 2013 rti holdings 2013 tss kink 2013 usi electronics 2012 genilogix 2012 magirus stuttgart germany 2012 brightstar partners inc. 2012 bsp software llc 2012 pepperweed consulting sewickley pa 2012 internix inc. 2013 component business of c.r.g electronics 2012 altron gmbh & co. kg 2012 ascendant technology 2012 nexicore services 2012 canvas systems 2012 pdsi 2012 round2 2012 de2 2011 j.c. tally trading co. ltd 2011 prospect technology corp. 2011 amosdec 2011 itx group limited 2011 eurotone electric limited 2010 broadband integrated resources ltd. 2010 unidux inc. 2010 bell microelectronics inc. 2010 tallard technologies 2010 servodata hp division czech republic 2010 pt datamation purwana utana and pt mitra bisinfo utama indonesia 2010 sunshine joint stock company vietnam 2009 vanda group china 2009 avnet technology solutions sanayi ve ticaret a.s. turkey 2009 abacus group plc europe 2009 nippon denso industry co. ltd. japan 2008 ontrack solutions pvt. ltd. india 2008 source electronics corporation international 2008 horizon technology group plc uk ireland 2008 azzurri technology ltd. europe 2008 yel electronics hong kong ltd. hong kong 2008 channelworx australia 2007 acal plc europe 2007 betronik gmbh division germany 2007 magirus enterprise infrastructure division europe 2007 flint distribution ltd. united kingdom 2007 azure technologies singapore 2007 access distribution international 2006 esco italiana italy 2006 zeta computer germany 2006 printex europe belgium france italy 2006 memec international 2005 dns slovakia slovakia 2004 gamma optronik sweden 2002 kent electronics north america 2001 sunrise technology ltd. china 2001 rdt technologies ltd. israel 2001 veba electronics group europe 2000 savoir technology group inc. north america 2000 sei nordstar netherlands 2000 cosco electronics jung kwang korea 2000 eurotronics sei 2000 pcd italia s.r.i. and matica s.p.a. milan italy 1999 marshall el monte ca 1999 sei macro slough berkshire 1999 integrand solutions sydney australia 1999 bridge international s o paulo brazil 1999 jba csd mt. laurel new jersey 1999 gallium electronics israel 1998 max electronics india 1998 optilas international sa pan europe 1998 bytech systems ltd. uk 1998 cinergi technology and device pte. ltd. singapore 1998 excel max communications pte. ltd. singapore 1997 ecr portland or 1997 kopp electronics limited south africa 1996 mercuries & associates ltd. taiwan 1995 setron schiffer elektronik gmbh & co.kg germany 1995 vsi electronics new zealand ltd. & vsi electronics australia pty. ltd. new zealand australia 1995 sertek inc. newbury park ca usa 1995 bfi ibexsa international inc. pan europe 1995 ck electronics france 1995 wkk semiconductors hong kong 1995 lyco limited ireland 1995 cable assembly operations of labarge flippin ar 1994 penstock inc. sunnyvale ca 1994 demico italy 1994 adelsey italy 1993 hall mark dallas tx 1993 e2000 germany 1993 nortec scandinavia 1992 fh tec components france 1992 access united kingdom 1991 notes edit hufford austen . avnet removes interim status for its ceo . wall street journal . dow jones & company inc. retrieved 6 september 2016 . a b c d e wikinvest stock avnet avt filing 10 k 2016 10 k d21467252 avnet number of employees . macroaxis . retrieved 6 september 2016 . top 50 distributors 2014 . global purchasing . penton . retrieved 13 july 2016 . a b charles avnet and the golden age of radio pdf . avnet . retrieved 2007 12 14 . avnet s history family beginnings . avnet . retrieved 2007 12 14 . liberty records . archived from the original on 2 april 2008 . retrieved 2008 03 22 . novinson michael . avnet changes ceos hamada out ex lenovo ceo to fill in on interim basis . crn . the channel company . retrieved 11 july 2016 . avnet buys bell microproducts for 631 million . arizona business and money . 2010 07 07 . retrieved 2015 09 02 . jamerson joshua . avnet ceo steps down ; company lowers outlook . wsj.com . wall street journal . retrieved 11 july 2016 . a b c greenberg barry april 1 2007 . avnet logistics teaming up 1 . electronics supply & manufacturing . template october 2016 50 years of making history chapter 5 pdf . avnet . retrieved 2007 12 05 . 16 distribution programming and value added centers globally contact us . avent . archived from the original on 18 december 2007 . retrieved 2007 12 05 . europe business partner innovation centers . ibm . retrieved 2007 12 05 . list of centers around the united states . business partner innovation centers avnet technology solutions . ibm . retrieved 2007 12 05 . san antonio office . the avnet technology solutions business partner innovation center bpic facility shows several solutions for a number of industries including many software systems . in addition the center will show services software on ibm hardware computers such as ibm system x system i system p ibm eserver linux and ibm bladecenter blade servers . largest san antonio area computer vendors and dealers . san antonio texas . san antonio business journal . july 6 2001 . retrieved 2007 12 14 . vendors and dealers ranked by number of local employees 1 . avent computer marketing 1 400 970 6550 n. loop 1604 e. 7824 247 1000 377 3796 dnd avnet.com avnet technology solutions launches ibm business partner innovation center ; customer centric showcase provides opportunity to test design and evaluate complete hardware and software solutions . business wire . july 18 2006 . avnet s business partner innovation center which builds upon the success of its existing websphere innovation center will showcase a wide range of ibm software and hardware platforms available to partners . briefs s.a. center showcases ibm products services . san antonio express news 02e . july 19 2006 . avnet technology solutions has 350 employees in a 120 000 square foot 11 000 m2 building at 6550 loop 1604 in san anonio . it is an operating group of avnet inc. novinson michael . avnet buys 24m big data cloud training firm exitcertified . the channel company . retrieved 7 august 2016 . ringle hayley . avnet acquiring german it distributor of storage solutions and services . american city business journals . retrieved 7 august 2016 . avnet closes msc acquisition analyst blog . zacks equity research . retrieved 7 august 2016 . external links edit arizona portal companies portal company links edit avnet company website . avnet . retrieved 2007 12 14 . avnet s history . avnet.com . avnet . retrieved 2016 08