PHOENIX - Avnet Inc. announced the completion of a share-exchange merger transaction with Sonepar, which transferred its 84 percent ownership of European electronic components distribution company Eurotronics B.V to Avnet. Avnet previously acquired a 16 percent interest in the company in connection with its acquisition of Marshall Industries in October 1999. Eurotronics is now part of Avnet`s electronic components distribution business, Avnet Electronics Marketing EMEA (Europe, Middle East and Africa). George Smith remains as president of the now combined Avnet EMEA operations.
