Avnet, Inc. (AVT) recently announced that it has acquired a controlling interest in Vanda Group from Hutchinson Whampoa Limited in a strategic move to expand its presence and customer base across China. Vanda Group will operate as an Avnet company while maintaining its current operations, management team and the Vanda brand. Vanda Group is a leading IT solutions and services provider covering major cities in China, Hong Kong and Macau, and has been around 27 years. Vanda Group provides systems integration services and solutions incorporating hardware and software from major suppliers including IBM (IBM), Lenovo, Cisco (CSCO), Sun (JAVA), Nokia (NOK) and Oracle (ORCL). The company serves clients from diverse industries including major banks, financial institutions, telecommunications companies, utilities and government departments. Vanda Group generated revenues of approximately $50 million in 2008 and employs more than 600 people. The transaction will ...

Avnet Inc. (AVT) recently entered into a distribution agreement with India-based MosChip Semiconductor Technology Ltd.

Based in Phoenix, Arizona, Avnet is one of the world’s largest distributors of electronic components and computer products. MosChip provides high performance multimedia and connectivity solutions for consumer, industrial and computing applications.

According to the deal, Avnet’s Electronics Marketing unit will distribute MosChip products throughout Asia. The distribution agreement spans Australia, China, India, Korea, Hong Kong, New Zealand, Taiwan and Southeast Asia. MosChip products include Network Appliance Processors and co-processors, audio / video processors, USB and PCI / PCI Express connectivity semiconductors.

Last month, Avnet reported weak fourth-quarter results as its top line remained challenged by adverse business conditions amid the global economic slowdown. The company’s organic growth continues to be lackluster and it continues to expand only through acquisitions.

Although both bookings and billings increased during the period and backlog was up

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