LONDON Avnet Memec has acquired Italian semiconductor and embedded systems specialist distribution company ESCO Italiana.
ESCO Italiana (Monza, Italy) has an annual sales turnover of approximately €30million, employs about 60 people and operates from 5 offices across Italy. It also has distribution activities in Greece and Turkey.
ESCO is a distributor for Maxim/Dallas which is distributed by Avnet Memec in other regions of Southern Europe – France, Spain and Portugal.
Other suppliers include RF and M2M specialist Wavecom, Varitronix, Epson, Seiko Instruments, CML, Protech Systems, Hitachi Displays, AKM, Leadtek and Digi International.
“ESCO Italiana will be an excellent enhancement for our company,” said Steve Haynes, president ofAvnet Memec. “Apart from an ideally matching linecard, we found ESCO to have an extremely successful business model, well regarded by customers and suppliers alike. I expect this to be a match of winning spirits between the ESCO team and our Avnet Memec team in Southern Europe, resulting in a fast return of our investment.”
“Over the last 34 years, we have been very successful in growing our Italian business by applying far more specialist resources to our demand creation and design-in strategy than the typical distributor. ESCO employs 35 product and technology specialists. In order to secure our future growth and the excellent team that we have built, the way forward was to find a partner with a similar model, the same focus on design and a winning team mentality that would match ours,” said Aurelio Busani, the president of ESCO Italiana.
Busani and Domenico Camorani, the general manager of ESCO, will stay on board for the next six months and report directly to Haynes and work closely with Massimo Loche, regional vice president of Avnet Memec, to manage the transition.