Avnet, Inc. announced that it has acquired Broadband Integrated Resources Ltd (Broadband). Broadband, which was founded in 2001 specializes in the repair of broadband and cable TV equipment in support of cable operators and manufacturers. With a head count of 50, for the calendar year 2009, Broadband generated services revenue of approximately USD 9.5 million. Broadband will be added to Avnet Logistics Services which provides value added supply chain and logistics services to the global technology industry.

In a press release, Steve Church, senior vice president; chief business development and process officer, said, “This acquisition demonstrates our commitment to expand into adjacent services opportunities and provides an entry into the reverse logistics business as well as a new customer base in North America. With management, systems and processes that have built a successful reverse logistics business, Avnet Logistics Services will gain a proven platform upon which we can expand our service offerings.”

Broadband through its facilities in Columbus, Ohio, and Dallas, Texas, provides technical repair services and logistics to leading cable providers, in the U.S., including Time Warner (News - Alert), Comcast and Charter Communications. Repair services cover the breadth of CATV equipment including line amplifying equipment, fiber optic transmitters and receivers, digital and analog headend equipment as well as cable modems and set top boxes. The investment is expected to be immediately accretive to earnings and supports Avnet’s return on capital goals.

Avnet was recently in TMC (News - Alert) news when Avnet Electronics Marketing Americas, a business region of Avnet, Inc., announced the launch of a new On-Ramp Technical Session featuring motor control and drive solutions from Texas Instruments (News - Alert) Incorporated (TI). This On-Ramp features live presentations and demonstrations of motor types and control techniques, along with TI reference designs and design tools.

Sujata Garud is a TMCnet freelancer with three years of writing/editing experience and two years of market research experience. As an editor she has covered the IT, electronics, banking, pharma, construction, mining and healthcare industries. To see more of her articles, please visit her columnist page.

Edited by Erin Monda