Avnet 2009 Annual Report Download - page 9

Download and view the complete annual report

Please find page 9 of the 2009 Avnet annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 113

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113

Table of Contents
During fiscal 2009 and 2008, the Company completed the following acquisitions:
Major Products
One of Avnet’s competitive strengths is the breadth and quality of the suppliers whose products it distributes.
IBM products accounted for approximately 15%, 14% and 14% of the Company’s consolidated sales during fiscal
2009, 2008 and 2007, respectively, and was the only supplier from which sales of its products exceeded 10% of
consolidated sales. Listed in the table below are the major product categories and the Company’s approximate sales
of each during the past three fiscal years:
The Company has more than 300 locations worldwide, as well as a limited number of instances where Avnet-
owned product is stored in customer facilities. Some of these locations contain sales, warehousing and administrative
functions for multiple sales and marketing units. Avnet sells to customers in more than 70 countries.
Competition & Markets
Avnet is one of the world’
s largest industrial distributors, based on sales, of electronic components and computer
products.
The electronic components and computer products industries continue to be extremely competitive and are
subject to rapid technological advances. The Company’s major competitors include Arrow Electronics, Inc., Future
Electronics and World Peace Group. There are also certain smaller, specialized competitors who focus upon one
6
Approximate
Operating
Annual
Acquired Business
Group
Region
Revenue(1)
Acquisition Date
Fiscal 2009
Abacus Group plc
EM
EMEA
$400 million
01/20/09
Nippon Denso Industry Co., Ltd
EM
Asia/Pac
$140 million
12/29/08
Ontrack Solutions Pvt. Ltd.
TS
Asia/Pac
$13 million
07/31/08
Source Electronics Corporation
EM
Americas
$82 million
06/30/08
Horizon Technology Group plc
TS
EMEA
$400 million
06/30/08
Fiscal 2008
Azzurri Technology
EM
EMEA
$100 million
03/31/08
YEL Electronics Hong Kong Ltd.
EM
Asia/Pac
$200 million
12/31/07
Division of Acal plc Ltd.
TS
EMEA
$200 million
12/17/07
ChannelWorx
TS
Asia/Pac
$30 million
10/31/07
Betronik GmbH
EM
EMEA
$40 million
10/31/07
Division of Magirus Group
TS
EMEA
$500 million
10/06/07
Flint Distribution Ltd.
EM
EMEA
$40 million
07/05/07
(1)
Represents the approximate annual revenue for the acquired businesses’ most recent fiscal year end prior to
acquisition by Avnet (and based upon average foreign currency exchange rates for those periods)
Years Ended
June 27,
June 28,
June 30,
2009
2008
2007
(Millions)
Semiconductors
$
8,324.0
$
9,561.2
$
9,176.4
Computer products
6,393.4
6,925.5
5,337.8
Connectors
735.2
713.9
571.3
Passives, electromechanical and other
777.3
752.1
595.6
$
16,229.9
$
17,952.7
$
15,681.1