Avnet, Inc. (Avnet), together with its subsidiaries, is an industrial distributor of electronic components, enterprise computer and storage products, and embedded subsystems. The Company distributes electronic components, computer products and software as received from its suppliers or with assembly or other value added by Avnet. In addition, Avnet provides engineering design, materials management and logistics services, system integration and configuration, and supply chain services. Avnet has two primary operating groups: Electronics Marketing (EM) and Technology Solutions (TS). EM markets and sells semiconductors, and interconnect, passive and electromechanical devices (IP&E) for more than 300 electronic component manufacturers. TS markets and sells mid to high-end servers, data storage, software, and the services required to implement these products and solutions to the value-added reseller (VAR) channel. On January 20, 2009, the Company acquired Abacus Group plc.