Avnet buys stakes in Dragon Innovation

Avnet has acquired Dragon Innovation, expanding the global distributor's portfolio of offerings for customers as they move from design to prototype to volume production. Dragon Innovation's proven process and deep hardware experience help customers understand manufacturing costs and schedules, find factories and manage production as they scale their businesses. 

"With the addition of Dragon Innovation to our connected ecosystem, Avnet further meets the needs for companies of all sizes head on – helping them launch new hardware products in an efficient and cost-effective manner that accelerates time to market," said Bill Amelio, Chief Executive Officer, Avnet. "Dragon Innovation's hardware manufacturing expertise augments Avnet's design and supply chain capabilities beyond electronic components to encompass the entire finished product. Equally important, Dragon Innovation complements our digital strategy by delivering their services through a combination of software and access to subject-matter experts matched to the customers' needs as they move swiftly through the stages of product development."Read More

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