Avnet announced recently that it plans to buy Broadband Integrated Resources for an undisclosed sum.
Broadband Integrated Resources specializes in the repair of broadband and cable TV equipment for cable operators and manufacturers. Broadband Integrated Resources’customers include Comcast, Charter Communications and Time Warner Cable.
The company was founded in 2001 and currently has approximately 50 employees. Last year, Broadband generated services revenue of approximately $9.5 million.
Once the deal is completed, Broadband will become part of Avnet Logistics Services, which provides value-added supply chain and logistics services to the global technology industry.
For the fiscal year ended July 3, Avnet generated revenue of $19.16 billion.
“This acquisition demonstrates our commitment to expand into adjacent services opportunities and provides an entry into the reverse logistics business, as well as a new customer base in North America,” said Steve Church, Avnet’s senior vice president and chief business development and process officer. “With management, systems and processes that have built a successful reverse logistics business, Avnet Logistics Services will gain a proven platform upon which we can expand our service offerings.”
From facilities in Columbus, Ohio, and Dallas, Texas, Broadband’s repair services cover a range of cable TV equipment, including line-amplifying equipment, fiber-optic transmitters and receivers, digital and analog headend equipment, and cable modems and set-top boxes.
