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New Deal


Announced

Completed

Avnet completed the acquisition of Dragon Innovation.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Completed

Friendly

Single Bidder

Software

software development

United States

home automation

Majority

Private Equity

Synopsis

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Avnet, a distributor of electronic components completed the acquisition of Dragon Innovation, that provides solutions for the fastest, simplest, and safest way for companies to manage manufacturing complex products at scale. Financial terms were not disclosed. “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,” Bill Amelio, Avnet CEO.

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